Amendment to Rule 6957(c) to Revise the Effective Date for Recent Amendments to NASD's Order Audit Trail System Rules

NASD is filing with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to amend Rule 6957(c) to reflect July 10, 2006 as the effective date for the Order Audit Trail System (OATS) reporting requirements for manual orders on an immediately effective basis.