regulatory organizations; proposed rule changes: National Association of Securities Dealers, Inc.,
[Federal Register: October 1, 2002 (Volume 67, Number 190)]
[Notices]
[Page 61702]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr01oc02-114]
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-46540; File No. SR-NASD-2002-110]
Self-Regulatory Organizations; Order Granting Approval of Proposed Rule Change by the National Association of Securities Dealers, Inc. To Establish a New Registration Category for Proctors of In-Firm Delivery of the Regulatory Element of the Continuing Education Requirements
September 24, 2002.
On August 8, 2002, the National Association of Securities Dealers, Inc. (``NASD'') filedwith the Securities and Exchange Commission (``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 establish NASD Rule 1043, a new registration category for proctors of in-firm delivery of the Regulatory Element of the NASD's continuing education requirements. The proposed rule change was published for notice and comment in the Federal Register on August 21, 2002.\3\ The Commission received no comments on the proposed rule change.
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ Securities Exchange Act Release No. 46351 (August 14, 2002), 67 FR 54248.
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, the requirements of Section 15A(b)(6),\5\ which requires among other things that the NASD's rules be designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade, and, in general, to protect investors and the public interest. The Commission believes that the proposed rule change may result in more efficient delivery of the NASD's continuing education requirements, while maintaining the integrity of the continuing education program.
\4\ In approving this proposed rule change, the Commission 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).
It is therefore ordered, pursuant to Section 19(b)(2) of the Act,\6\ that the proposed rule change (SR-NASD-2002-110) be, and it hereby is, approved.
\6\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Market Regulation, pursuant to delegated authority.\7\
\7\ 17 CFR 200.30-3(a)(12).
Margaret H. McFarland, Deputy Secretary.
[FR Doc. 02-24830Filed9-30-02; 8:45 am]
BILLING CODE 8010-01-P
