SEC Approves rule change, NASD Notice to Members 00-41
Under the rule change, Nasdaq will halt trading in OTCBB issues in the following instances:
- the OTCBB security is dually listed on a foreign market or is registered with a foreign regulatory authority and a foreign regulatory authority or market halts trading in the security;
- the OTCBB security is a derivative or component of a Nasdaq or an exchange-listed security and Nasdaq or the exchange halts trading in the underlying security; and
- the OTCBB issuer does not timely provide the NASD with information required by SEC Rule 10b-17.
The rule change goes into effect on June 26, 2000.
The full release regarding the change is available at http://www.nasdr.com/pdf-text/0041ntm.txt