This is a follow up to the NASD notice dated August 13, 1971, concerning the possible mandatory use of the CUSIP number by member firms sometime in 1972. The Board of Governors of the NASD has determined that the CUSIP number will be mandatory on Uniform Forms, developed by the Banking and Securities Industry Committee, in accordance with the following implementation schedule originally set by BASIC: The above is not intended to limit the use of the CUSIP number to the three mentioned forms. CUSIP numbers may be used on any document where the security identification would be beneficial. Those communications and documents used by mutual fund dealers and underwriters must carry the CUSIP number by December 1, 1972. Other forms on which the CUSIP number will be mandatory may be added from time to time at a future date. The Uniform Forms themselves, which are designed for use in all general securities transactions, are not to be used in mutual fund share transactions since they don't give all the information needed for that purpose. It should be noted that the NASD District Offices (except New York) now have the CUSIP Directory and are prepared to furnish the required number to small firms. (Less than 12 transactions per day.) Broker/dealers who are not CUSIP subscribers and wish to obtain information about this service should contact the Director of Marketing, CUSIP Service Bureau, Standard Statistics Company, Inc., 345 Hudson Street, New York, New York, 10014. |