Proposed Rule Change to Amend Rule 2111 to Delete References to Rule 6440(f)(2) in Light of Recent Rule Change Repealing Rule 6440(f)

NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend new NASD Rule 2111 to delete two references to NASD Rule 6440(f)(2) in light of a recent rule change repealing Rule 6440(f). See SR-NASD-2005-124. Both new Rule 2111 and the repeal of Rule 6440(f) will become effective on January 9, 2006.