Regulatory Notice 08-44

SEC Approves a Proposed Rule Change to Amend the Chairperson Eligibility Requirements in the Arbitration Codes for Customer and Industry Disputes; Effective Date: September 22, 2008

Executive Summary

An amendment to the chairperson eligibility requirements of the Code of Arbitration Procedure for Customer Disputes and Industry Disputes that removes the alternative "substantially equivalent training or experience" criterion is effective September 22, 2008.

 

The text of the amendment is set forth in Attachment A. It will apply to chairperson lists generated according to Rules 12403 or 13403 on or after September 22, 2008, and to arbitrators appointed by the Director of Arbitration according to Rules 12406, 12411, 13406 or 13411 on or after September 22, 2008, when an insufficient number of names remain on the consolidated list.

 

Questions concerning this Notice should be directed to Barbara L. Brady, Vice President and Director of Neutral Management, at (212) 858-4352 or by email; or Mignon McLemore, Assistant Chief Counsel, FINRA Dispute Resolution, at (202) 728-8151 or by email.