| A# |
5893 |
| P&S #: |
5463 |
| DATE: |
September 3, 2004 |
| TO: |
ALL PARTICIPANTS |
| ATTENTION: |
MANAGING PARTNER/OFFICER, OPERATIONS PARTNER/OFFICER, COMPLIANCE OFFICER |
| FROM: | General Counsel's Office |
| SUBJECT: | RULE CHANGE |
National Securities Clearing Corporation (“NSCC”) filed a rule change with the Securities and Exchange Commission (“SEC”), pursuant to paragraph (A) of Section 19(b)(3) of the Securities Exchange Act of 1934. This rule change, which is effective immediately, will clarify the indemnification provisions within NSCC’s By-Laws with respect to Non-Director members of NSCC Board committees.
The full text of this rule change (SR-NSCC-2004-05) may be obtained by visiting NSCC’s website 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 this rule filing may be directed to Allison M. Finnegan, Associate Counsel at (212) 855-3283.
Karen L. Saperstein
Managing Director and General Counsel