The Securities and Exchange Commission approved a rule change filed by National Securities Clearing Corporation (NSCC) to modify the Rules and Procedures of NSCC in connection with the processing of Buy-Ins of CNS positions.

The full text of the approved rule change may be obtained at NSCC’s website, at http://www.nscc.com/legal/01-07.pdf, or by contacting the NSCC Legal Department at (212) 855-3207. Members will be notified in advance by Important Notice of the date when these rules changes will be implemented.

Questions in connection with Buy-In requirements should be directed to Vincent E. McDevitt, Manager, Participant Services Division, at (212) 855-5694, or Kevin Brennan, Director, Enterprise Service Center, at (212) 855-1608. Questions regarding the rule filing should be directed to Richard J. Paley, Associate Counsel, at (212) 855-3205.