FINRA proposes extension of temporary changes related to COVID-19 – Finance and Banking
United States: FINRA proposes extension of temporary changes related to COVID-19
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FINRA offers a rule change that would extend from April 30, 2021 to August 31, 2021 the expiration date of temporary changes that (i) relieve FINRA staff of certain application and procedural requirements and (ii) allow hearings virtual.
More specifically, the proposal would extend:
- SR-FINRA-2020-015, which provides temporary relief to FINRA staff from “timing, method of service and other procedural requirements”; and
- SR-FINRA-2020-027, which allows the Office of Hearings Officers and the National Arbitration Council to hold virtual hearings for (i) appeals of membership application program decisions, (ii) disciplinary decisions, (iii) proceedings eligibility and (iv) cease and desist orders.
Comments on the proposal must be submitted within 21 days of its publication in the Federal Register.
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