May 18, 2001 – NASD Regulation today gave an update on its review of the NASD rules, began in 1998, to (1) determine if there are obsolete or otherwise unnecessary rules that could be repealed or that should be modernized in light of technological or industry developments and (2) determine if particular rules should distinguish between retail and institutional customers in their application. NASD Notice to Members 01-35 (May 2001).
Several important regulatory initiatives have been implemented or are pending as a result of this undertaking, and NASD has retained a consultant with particular expertise in analyzing regulations to assist in this review.
NASD Regulation encourages all interested parties to suggest rules, by July 2, 2001, that should be the focus of this review.
Notice 01-35 may be accessed online at http://www.nasdr.com/2610_2001.asp#01-35
Copyright 2001, John M. Baker, Esq., Stradley, Ronon, Stevens & Young, LLP, 1220 19th Street, N.W., Suite 700, Washington, DC 20036 – (202) 822-9611- Fax (202) 822-0140 This article was originally posted to the FundLaw List, http://www.egroups.com/group/fundlaw. To subscribe to FundLaw, send a blank e-mail to email@example.com
Nothing herein is intended as legal or financial advice. The law is different in different jurisdictions, and the facts of a particular matter can change the application of the law. Please consult an attorney or your financial advisor before acting upon the information contained in this article.
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