Securities and Exchange Commission
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Securities and Exchange Commission [Release No. 34-43873; File No. SR-NASD-99-65] I. Introduction On October 28, 1999, the National Association of Securities Dealers, Inc. (“NASD” or “Association”) filed with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change pursuant to section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”)  [ 1 ] and Rule 19b-4 thereunder  [ 2 ] to establish a corporate bond trade reporting and transaction dissemination facility and to eliminate Nasdaq's Fixed Income Pricing System (“FIPS”). Notice of the proposed rule change was published for comment in the Federal Register on December 10, 1999. [ 3 ] The Commission received 39 comment letters regarding the proposal. [ 4 ] On November 17 and November 22, 2000, respectively, the NASD filed Amendment Nos. 2 and 3 to the proposed rule change. [ 5 ] Notice of these amendments was published in the Federal Register on November 29, 2000. [ 6 ] The Commission received 13 additional comments on the amended proposal since that time. [ 7 ] On January 5, 2001, the NASD filed Amendment No. 4 to the proposed rule change. [ 8 ] This order approves the proposed rule change, as amended by Amendments 2-4, accelerates approval of Amendment No. 4, and solicits comments from interested persons on that Amendment. II. Background In 1998, Commission staff conducted a review of the U.S. debt market, wit…
Citation: 66 FR 8131
