MSRB NOTICE 2005-51 (OCTOBER 3, 2005)

REMINDER: ALL DEALERS MUST REVIEW THEIR FORM G-40 INFORMATION, ON E-MAIL CONTACTS, BY OCTOBER 26, 2005

In July, the SEC approved amendments to Rule G-40, on e-mail contacts, and Form G-40.[1]  The amendments require that every dealer maintain an Internet e-mail account to permit communication with the MSRB, and that all Form G-40 submissions – initial forms and subsequent updates and amendments – be completed electronically using the appropriate user ID and password.[2]  The information on Form G-40 includes the Primary Contact’s name, e-mail address and telephone number.  In addition, within 17 business days after the end of each calendar quarter, dealers are now required to review and either electronically update information on their Primary Contact or indicate that no changes are necessary at this time.[3]

The MSRB is publishing this one-time notice as a reminder that by October 26, 2005 every dealer must review and either update its Form G-40 or affirmatively indicate that no changes are necessary.[4]  For additional guidance with this process, please refer to the Qs & As published in MSRB Notice 2005-40 on August 8, 2005.

Questions regarding Form G-40 (such as completing or submitting the Form, obtaining a password, etc.) may be directed to the MSRB’s G-40 personnel at 703-797-6600.

October 3, 2005


[2] Dealers that currently have a G-40 account are not required to resubmit their initial Form G-40 electronically.

[3] Failure to take one of these steps may result in non-compliance with Rule G-40, which the MSRB will refer to the NASD (or other appropriate regulatory agency).

[4] The MSRB will not publish future reminder notices regarding the quarterly review requirement; dealers are responsible for ensuring that they comply with this requirement within the time frame specified by Rule G-40.