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2nd Quarter 1998

OTC Bulletin Board Update - 2nd Quarter 1998

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Table of Contents

NASD Board Approves OTC Rule Proposals
The NASD Board of Governors has approved a series of proposed rule changes for the OTC Bulletin Board® (OTCBB) and the OTC market. The rules will now be sent to the Securities and Exchange Commission (SEC) for approval. The proposal includes a new eligibility requirement for the OTCBB, a recommendation rule and a disclosure rule.

Rule 15c2-11 Comment Period Closed
The public comment period for the proposed ammendments to the Rule 15c2-11 ended on April 27, 1998. This rule governs the publication of quotations for securities that are traded over the counter.

Thanks for the Smooth Transition on April 1st!
Due to changes in eligibility requirements for foreign equities and ADRs, many of these securities were removed from the OTCBB, while the foreign equities and ADRs which remained received real-time quotes. Nasdaq would like to thank everyone for their cooperation in this effort.

List of OTCBB Foreign Issues and ADRs Registered with the SEC as of 4/1/98

OTC Bulletin Board - Top 100 Issues April 1998

Web Site Launch a Success
OTCBB launched its new Web site - www.otcbb.com - on March 31, 1998.

Fact Book will be On-Line Only
The OTC Bulletin Board Fact Book and Company Directory is now available online in the Stock Summaries section of Market Statistics page on this site, rather than in hard copy.

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