[Federal Register Volume 67, Number 190 (Tuesday, October 1, 2002)]
[Notices]
[Page 61702]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-24830]
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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'') filed with 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.
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\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.
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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.
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\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).
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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.
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\6\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.\7\
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\7\ 17 CFR 200.30-3(a)(12).
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Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 02-24830 Filed 9-30-02; 8:45 am]
BILLING CODE 8010-01-P
