To: David C Mapes who wrote (8891 ) 1/11/1998 6:31:00 AM From: P. Ramamoorthy Respond to of 13949
Anyone checked NASDAQ web site recently. The folowing was posted on 1/6/98. Ram Year 2000 Initiative Last updated on: 01/06/98 Countdown to Year 2000 _____Days__ Hours__ Mins Secs There's Less than 28 months left... As the year 2000 approaches, every company in every industry is facing the formidable challenge of ensuring that its computer systems will continue to operate successfully after December 31, 1999. The National Association of Securities Dealers, Inc. (NASD®) is no different. The upcoming change in century presents unique information-technology and compliance issues for the NASD and its two subsidiaries—The Nasdaq Stock Market, Inc., and NASD Regulation, Inc. Since computers use dates to perform many important functions, it is absolutely critical for each and every introducing and clearing firm to act now to assess its technological environment and make the needed changes to ensure that automated processes with date-sensitive components will correctly identify "00" as the year 2000, rather than 1900, when the date changes to January 1, 2000. NASD Member Requirement NASD Regulation requires all NASD members to return a completed "Year 2000 Compliance Survey" to NASD Regulation no later than January 31, 1998. Special Notice to Members 97-96 Member Requirement: NASD Members Must Complete Year 2000 Compliance Survey Notice: View PDF file 12 KB View TEXT file 9 KB Survey: View PDF file 14 KB View HTML file 9 KB Year 2000 Information NASD initiated a Year 2000 (Y2K) Program in July 1996 to address this challenge. To read further about the NASD's Y2K efforts and other relevant activities see: Important memo directed to all international NASD member firms Other relevant Year 2000 Web Sites: The Securities Industry Association (SIA) has a Year 2000 Web Site, or check here for a comprehensive look at Year 2000 Information. Regulatory and compliance information in Notice To Members 97-16 : View PDF file - 12 KB View TEXT file - 9 KB Technical information and specifications in the June 1997 edition of Subscriber Bulletin: View PDF file - 315 KB For your convenience, this Web Page makes the above-mentioned publications available in both PDF (Portable Document Format) and text files. If you do not have the Adobe® Acrobat Reader 3.0 to view PDF files, please click here to download the free plug-in. Please continue to look to this Web page for updates on this very important initiative. If you have any questions and/or comments about the NASD Year 2000 Program, please submit them via e-mail.