NASAA, SROs Seek Comment on New Branch Office Registration Form

NASAA Also Releases Model Branch Office Definition Rule

WASHINGTON (August 4, 2004) – NASAA today joined NASD and the New York Stock Exchange (NYSE) in releasing for comment a proposed uniform branch office registration form (Form BR). This will enable broker-dealer and investment adviser firms to register branch offices electronically with NASD, the NYSE, and states through the Central Registration Depository (CRD®) and the Investment Adviser Registration Depository (IARD).

NASAA also released for comment today a proposed Model Rule that can be adopted by states that defines branch office. The Model Rule tracks the language in the definition agreed upon by NASD and the NYSE. Comments should be submitted by September 3, 2004.

Copies of the proposed Form BR and Proposed Model Rule can be found by clicking on the links that follow this announcement.

Comments should be submitted by September 3, 2004, to the following:

Melanie Senter Lubin
Maryland Securities Commissioner and
NASAA Chair of the CRD/IARD Steering
Committee
200 Saint Paul Place
Baltimore, MD 21202-2020

Pam Epting
Chief, Bureau of Regulatory Review
Florid Office of Financial Regulation and
Chair of NASAA’s CRD/IARD Forms and
Process Project Group
200 East Gaines Street
Tallahassee, FL 32399-0372

Mark Davis
NASAA Associate General Counsel
750 First Street, N.E., Suite 1140
Washington, D.C. 20002

Parties submitting comments on proposed Form BR are encouraged to send a copy to NASD (Barbara Z. Sweeney, NASD Office of the Corporate Secretary, 1735 K Street, N.W., Washington, D.C. 20006-1500) and the NYSE (William Jannace, NYSE 20 Broad Street, New York, N.Y. 10005).

NASAA Model Rule Proposals

For More Information:
Bob Webster, Director of Communications
202-737-0900

2004 Headlines, Newsroom