regulatory organizations; proposed rule changes: National Associa;tion of Securities Dealers, Inc.,
[Federal Register: March 14, 2002 (Volume 67, Number 50)]
[Notices]
[Page 11526]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr14mr02-76]
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-45519; File No. SR-NASD-2001-48]
Self-Regulatory Organizations; Order Approving Proposed Rule Change by National Association of Securities Dealers, Inc. To Clarify That the Nasdaq Limited Partnership Qualitative Listing Requirements Are Applicable to Limited Partnerships Listed on Both the National Market and the SmallCap Market
March 7, 2002.
On August 7, 2001, the National Association of Securities Dealers, Inc. (``NASD'' or ``Association'') through its subsidiary, The Nasdaq Stock Market, Inc. (``Nasdaq'') filedwith the Securities and Exchange Commission (``SEC'' or ``Commission''), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ a proposed rule change to clarify that Nasdaq's limited partnership qualitative listing requirements are applicable to limited partnerships listed on both the National Market and the SmallCap Market.
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
The proposed rule change was published for comment in the Federal Register on December 13, 2001.\3\ No comments were received on the proposal. In this order, the Commission is approving the proposed rule change.
\3\ See Securities Exchange Act Release No. 45137 (December 6, 2001), 66 FR 64490.
The Commission finds that the proposed rule change is consistent with the requirements of the Act and the rules and regulations thereunder applicable to a national securities association \4\ and, in particular, with the requirements of Section 15A(b)(6).\5\
\4\ In approving this proposed rule change, the Commission notes that it has considered the proposed rule's impact on efficiency, competition, and capital formation. 15 U.S.C. 78c(f).
\5\ 15 U.S.C. 78o-3(b)(6).
In particular, the Commission finds that the proposed rule change is consistent with Section 15A(b)(6) of the Act \6\ in that the proposal is designed to prevent fraudulent and manipulative acts and practices, and to protect investors and the public interest. The Commission believes that the adoption of uniform listing requirements for limited partnerships will assist Nasdaq in maintaining an efficient and open market.
\6\ 15 U.S.C. 78o-3(b)(6).
It Is Therefore Ordered, pursuant to Section 19(b)(2) of the Act,\7\ that the proposed rule change (SR-NASD-2001-48), is approved.
\7\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Market Regulation, pursuant to delegated authority.\8\
\8\ 17 CFR 200.30-3(a)(12).
Margaret H. McFarland, Deputy Secretary.
[FR Doc. 02-6160Filed3-13-02; 8:45 am]
BILLING CODE 8010-01-P
