Notice to Members 07-12
NASD Requests Comment on Proposed Amendments to Rules 3010(g) and 2711 in Connection with the Rule Harmonization Project with the NYSE
NASD is issuing this Notice to Members to solicit comments from members and other interested parties on a proposal to amend Rule 3010(g) (Supervision - Definition of "Office of Supervisory Jurisdiction") and Rule 2711 (Research Analysts and Research Reports - Definition of "Initial Public Offering").
Early last year, the New York Stock Exchange (NYSE) and NASD announced a plan to work jointly to harmonize their rulebooks in an effort to eliminate duplicative rules and streamline regulation. Further, on November 28, 2006, NASD and the NYSE announced a plan to consolidate their member regulation operations into a new organization that will be the single self-regulatory organization (SRO) for all securities firms doing business with the public in the U.S. The consolidation plan sets forth a more sensible and less complex regulatory system that will make securities regulation more efficient and effective.
The new SRO will work diligently toward the creation of a single rulebook; however, the rule harmonization plan discussed in this NTM is a separate endeavor from the rulebook consolidation project. NASD believes that continuation of the rule harmonization project at this time remains a critical step toward ending duplication and reducing regulatory inefficiency.
As noted, hard copy comments should be submitted to Barbara Z. Sweeney. Questions concerning this Notice should be directed to Kosha K. Dalal, Associate General Counsel, Office of General Counsel, at (202) 728-6903.
|Date||Commenter||Format - Size|
|3/26/2007||Financial Services Institute||PDF - 75.58 KB|
|3/26/2007||National Planning Holdings, Inc.||PDF - 88.69 KB|
|3/25/2007||Association of Registration Management, Inc.||PDF - 77.8 KB|
|3/23/2007||Investment Company Institute||PDF - 156.15 KB|
|3/6/2007||Charles Comer||PDF - 23.45 KB|
|3/27/2007||Farmers Financial Solutions, LLC||PDF - 30.18 KB|
|3/7/2007||Bob Hillard||PDF - 34.49 KB|
|2/27/2007||Patricia Nelson||PDF - 29.21 KB|
|4/6/2007||ACLI||PDF - 138.93 KB|
|4/9/2007||NASAA||PDF - 42.98 KB|
|4/9/2007||SIFMA||PDF - 52.08 KB|
|4/9/2007||Sutherland Asbill & Brennan LLP||PDF - 46.08 KB|
|4/9/2007||Berthel Fisher & Company Financial Services, Inc.||PDF - 415.17 KB|
|4/9/2007||Great American Advisors, Inc.||PDF - 39.17 KB|
|4/10/2007||NAIBD||PDF - 90.54 KB|
|4/10/2007||Financial Telesis, Inc.||PDF - 68.74 KB|
|4/20/2007||Thornes & Associates, Inc.||PDF - 72.69 KB|