Extension of Comment Period: Proposed Amendments to Article III, Section 27 of the NASD Rules of Fair Practice Regarding Supervision and the Definitions of "Office of Supervisory Jurisdiction" and "Branch Office"

TO: All NASD Members and Other Interested Persons

On February 8, 1988, the NASD published Notice to Members 88-11 requesting comment on proposed amendments to Article III, Section 27 of the NASD Rules of Fair Practice. These amendments would (1) prescribe specific supervisory practices and procedures for all member firms and (2) revise the definitions of "office of supervisory jurisdiction" and "branch office." Comments were requested to be submitted no later than March 1, 1988.

In response to several requests, and to provide adequate time for members to comment on these important proposals, the NASD is extending the comment period until April 4, 1988.

Comments should be directed to:

Mr. Lynn Nellius
National Association of Securities Dealers, Inc.
1735 K Street, N.W.
Washington, D.C. 20006-1506

Questions concerning this notice can be directed to either Dennis C. Hensley, NASD Vice President and Deputy General Counsel, at (202) 728-8245, or Jacqueline D. Whelan, Senior Attorney, NASD Office of the General Counsel, at (202)728-8270.

Sincerely,
Frank J. Wilson
Executive Vice President and General Counsel