[Federal Register Volume 67, Number 50 (Thursday, March 14, 2002)]
[Notices]
[Page 11526]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-6160]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-45519; File No. SR-NASD-2001-48]


Self-Regulatory Organizations; Order Approving Proposed Rule 
Change by National Association of Securities Dealers, Inc. To Clarify 
That the Nasdaq Limited Partnership Qualitative Listing Requirements 
Are Applicable to Limited Partnerships Listed on Both the National 
Market and the SmallCap Market

March 7, 2002.
    On August 7, 2001, the National Association of Securities Dealers, 
Inc. (``NASD'' or ``Association'') through its subsidiary, The Nasdaq 
Stock Market, Inc. (``Nasdaq'') filed with the Securities and Exchange 
Commission (``SEC'' or ``Commission''), pursuant to Section 19(b)(1) of 
the Securities Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 
thereunder,\2\ a proposed rule change to clarify that Nasdaq's limited 
partnership qualitative listing requirements are applicable to limited 
partnerships listed on both the National Market and the SmallCap 
Market.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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    The proposed rule change was published for comment in the Federal 
Register on December 13, 2001.\3\ No comments were received on the 
proposal. In this order, the Commission is approving the proposed rule 
change.
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    \3\ See Securities Exchange Act Release No. 45137 (December 6, 
2001), 66 FR 64490.
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    The Commission finds that the proposed rule change is consistent 
with the requirements of the Act and the rules and regulations 
thereunder applicable to a national securities association \4\ and, in 
particular, with the requirements of Section 15A(b)(6).\5\
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    \4\ In approving this proposed rule change, the Commission notes 
that it has considered the proposed rule's impact on efficiency, 
competition, and capital formation. 15 U.S.C. 78c(f).
    \5\ 15 U.S.C. 78o-3(b)(6).
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    In particular, the Commission finds that the proposed rule change 
is consistent with Section 15A(b)(6) of the Act \6\ in that the 
proposal is designed to prevent fraudulent and manipulative acts and 
practices, and to protect investors and the public interest. The 
Commission believes that the adoption of uniform listing requirements 
for limited partnerships will assist Nasdaq in maintaining an efficient 
and open market.
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    \6\ 15 U.S.C. 78o-3(b)(6).
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    It Is Therefore Ordered, pursuant to Section 19(b)(2) of the 
Act,\7\ that the proposed rule change (SR-NASD-2001-48), is approved.

    \7\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\8\
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    \8\ 17 CFR 200.30-3(a)(12).
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Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 02-6160 Filed 3-13-02; 8:45 am]
BILLING CODE 8010-01-P