Rulemaking Items for Discussion at the December 2016 Meeting
The FINRA Board of Governors will consider the following rulemaking items at its December 2016 meeting. After the meeting, FINRA will notify firms via email about the Board’s actions and anticipated next steps, if any.
Procedural Rules Concerning Eligibility Proceedings
The Board will consider amendments to FINRA’s rules concerning eligibility proceedings to grant FINRA staff discretion to accept statutory disqualification applications involving willful failures to disclose bankruptcies, judgments or liens, and to file proposed approvals directly with the SEC.
The Board will consider proposed amendments to FINRA Rules 12800 and 13800 (Simplified Arbitration) to amend the hearing provisions.