3013. Annual Certification of Compliance and Supervisory Processes

Each member shall designate and specifically identify to NASD on Schedule A of Form BD one or more principals to serve as a chief compliance officer.

Each member shall have its chief executive officer(s) (or equivalent officer(s)) certify annually,¹ as set forth in IM-3013, that the member has in place processes to establish, maintain, review, test and modify written compliance policies and written supervisory procedures reasonably designed to achieve compliance with applicable NASD rules, MSRB rules and federal securities laws and regulations, and that the chief executive officer(s) has conducted one or more meetings with the chief compliance officer(s) in the preceding 12 months to discuss such processes.