How will the NASD Standards Review proceed?
Comments on the standards or draft revisions received in any comment period will be considered as the next draft is developed. The next draft is then posted on the web for an additional review. This sequence may be repeated more than once. At some point, when the NASD Board of Directors determines that sufficient consensus has been reached, the final draft will be sent to the institutional representatives of NASD member institutions, who will seek local advice and counsel, comment, and ultimately vote on a standards revision proposal. This same pattern will be used for all parts of the NASD Standards. Notice is provided prior to all votes as required in the NASD Bylaws.
