The National Association of Securities Dealers (NASD) announced Friday a number of structural and organizational moves for the new SRO that will be created by is merger with New York Stock Exchange Member Regulation.

The SRO merger is on schedule for the second quarter. Integration efforts and analysis are being led by a committee of senior executives from both organizations, headed by th eNASD’s Stephen Luparello and NYSE Regulation’s Susan Axelrod.

The enforcement departments of both organizations will be fully integrated into a single department. Susan Merrill, who is in charge of enforcement at NYSE Regulation, will be Chief of the combined operation and will be based in New York. The NASD’s current enforcement chief, James Shorris, will serve as Executive Director and will be based in Washington.

The new SRO’s member regulation function will be split into two departments. Grace Vogel, who currently heads member firm regulation at NYSE Regulation, will head the new SRO’s department of Risk Oversight and Operational Regulation. Robert Errico, who currently heads member regulation at NASD, will lead the Department of Sales Practice Regulation.

Member regulation, enforcement and NASD’s existing market regulation department will report to Luparello.

NYSE Regulation’s Office of Risk Assessment and the NASD Office of Emerging Issues will be combined into a single group, which will report to Elisse Walter, who currently oversees regulatory policy and programs at NASD. Investment Company Regulation, Investor Education, Corporate Finance, Advertising and Member Education will also report to Walter.

Linda Fienberg, who runs NASD Dispute Resolution, will head the new SRO’s Office of Dispute Resolution, which will combine NYSE Regulation’s arbitration program with NASD’s arbitration and mediation programs.

The integration of the two organizations’ technology portfolios will be led by NASD’s chief technology officer, Marty Colburn, supported by NYSE’s Angela Posillico.

Technology, as well as Strategy, Registration and Disclosure, Testing and Continuing Education, Member Relations, Transparency Services and International will continue to report to NASD’s Doug Shulman.

“This is an exciting time not just for our two organizations, but for the firms we regulate and the investors we serve,” said NASD chairman and CEO Mary Schapiro, who will serve as CEO of the new, as yet unnamed SRO. “When our new SRO is in place, regulation will be more sensible, more efficient and more effective. Both organizations are blessed with talented, experienced individuals, and the announcement today demonstrates the commitment the new SRO will have to maximizing the expertise of these individuals.”