0130. Delegation, Authority and Access
This rule is no longer applicable. NASD Rule 0130 has been superseded by FINRA Rule 0170. Please consult the appropriate FINRA Rule.
(a) The National Association of Securities Dealers, Inc., delegates to its subsidiaries (NASD Regulation, Inc., and NASD Dispute Resolution, Inc., hereinafter "Subsidiaries") the authority to act on behalf of the Association as set forth in a Plan of Allocation and Delegation adopted by the Board of Governors and approved by the Commission pursuant to its authority under the Act.
(b) Notwithstanding any delegation of authority to the Subsidiaries pursuant to this Rule, the staff, books, records and premises of the Subsidiaries are the staff, books, records and premises of the Association subject to oversight pursuant to the Act, and all officers, directors, employees and agents of the Subsidiaries are the officers, directors, employees and agents of the Association for purposes of the Act.
Amended by SR-NASD-2006-104 eff. March 5, 2007.
Amended by SR-NASD-2005-087 eff. Aug. 1, 2006
Adopted by SR-NASD-96-16 eff. Apr. 11, 1996.