|
A# |
5695 |
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P&S #: |
5265 |
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DATE: |
October 16, 2003 |
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TO: |
ALL PARTICIPANTS |
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ATTENTION: |
MANAGING PARTNER/OFFICER, OPERATIONS PARTNER/OFFICER |
|
FROM: |
GENERAL COUNSEL'S OFFICE |
| SUBJECT: | RULE CHANGE – INSURANCE PROCESSING SERVICE |
National Securities Clearing Corporation ("NSCC" or “the Corporation”) has filed a rule change with the Securities and Exchange Commission ("SEC") pursuant to Section 19(b) (3)(A) of the Securities Exchange Act of 1934 with regard to an enhancement to the Insurance Processing Service (“IPS”) of NSCC. The enhancement will allow Members, Insurance Carrier Members and Data Services Only Members of NSCC to transmit data and information relating to life insurance and annuities applications and, where applicable, settle payments relating thereto, all as further described in the rule change.
The full text of the rule change (SR-NSCC-2003-18) may be obtained by visiting our web site at www.nscc.com. Written comments on the proposed rule filing may be addressed to Lisa T. Siebold, Assistant Secretary, National Securities Clearing Corporation, 55 Water Street, New York, New York 10041, and your comments will be forwarded to the SEC. You may also address your written comments to the Secretary of the Commission, Securities and Exchange Commission, 450 Fifth Street NW, Washington, D.C. 20549. We request that you provide NSCC with a copy of your comments.
Questions regarding the above filing should be directed to Jeffrey T. Waddle, Senior Counsel, at (212) 855-3260.
Karen L. Saperstein
Managing Director and General Counsel