Regulatory Notice 09-04

SEC Approves Proposed Rule Change to Amend the Submission Agreement and Related Rules in the Arbitration Codes for Customer and Industry Disputes; Effective Date: February 9, 2009

Executive Summary

On February 9, 2009, an amendment to the Submission Agreement and related rules of the Codes of Arbitration Procedure for Customer and Industry Disputes becomes effective and applies to claims filed on or after February 9, 2009.1 The amendment:

 

(1) clarifies what the parties are attesting to when they execute the agreement;

 

(2) requires parties to indicate in what capacity they are signing the agreement; and

 

(3) converts it to a FINRA-specific agreement.

 

The text of the rule amendment and the revised Submission Agreement are set forth in Attachment A.

 

Questions concerning this Notice should be directed to Richard W. Berry, Vice President and Director of Case Administration, FINRA Dispute Resolution, at (212) 858-4307 or email; or Mignon McLemore, Assistant Chief Counsel, FINRA Dispute Resolution, at (202) 728-8151 or email.