Regulatory Notice 17-29

SEC Approves Amendments to Arbitration Codes to Revise the Definition of Non-Public Arbitrator

Effective Date: October 9, 2017

Summary

FINRA’s proposed amendments to the definition of non-public arbitrator in the Customer and Industry Codes of Arbitration Procedure have been approved by the SEC. The amended definition provides that a non-public arbitrator is a person who is otherwise qualified to serve as an arbitrator, and is disqualified from service as a public arbitrator under the Codes. The amendments are effective on October 9, 2017.

The text of the amendments is set forth in Attachment A.

Questions concerning this Notice should be directed to:

  • Leslie Leutwiler, Associate Director, Neutral Management, FINRA Office of Dispute Resolution, at (212) 858-4136, or
  • Margo Hassan, Associate Chief Counsel, FINRA Office of Dispute Resolution, at (212) 858-4481.