Notice to Members 98-22

Year 2000 Frequently Asked Questions

In December 1997, NASD Regulation, Inc. (NASD RegulationSM) sent a compliance survey (Special Notice to Members 97-96) to find out the status of member firms’ Year 2000 efforts. Member firms have the responsibility to determine the readiness of their internal computer systems, and other computer systems that they rely upon, for the Year 2000 challenge.

Since that time, the National Association of Securities Dealers, Inc. (NASD®) and NASD Regulation have found that there are still many questions surrounding Year 2000-related issues. In order to help facilitate member firms’ awareness and understanding of Year 2000, following are frequently asked questions (and associated answers) concerning the Year 2000 and industry issues, the NASD Year 2000 Program, and the NASD Regulation Year 2000 Survey.