ARTICLE
18 August 2021

FINRA Proposes Extension Of Temporary Pandemic-Related Relief

CW
Cadwalader, Wickersham & Taft LLP

Contributor

Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
FINRA proposed a rule change that would extend from August 31, 2021, to December 31, 2021, the expiration date for temporary amendments that (i) provide relief to FINRA staff from certain enforcement and procedural requirements and ...
United States Finance and Banking

FINRA proposed a rule change that would extend from August 31, 2021, to December 31, 2021, the expiration date for temporary amendments that (i) provide relief to FINRA staff from certain enforcement and procedural requirements and (ii) allow virtual hearings.

The proposal is intended to address continued uncertainty regarding the COVID-19 pandemic and the Delta variant. The proposal would extend:

  • SR-FINRA-2020-015, which provides temporary relief for FINRA staff from in-person activities and "timing, method of service and other procedural requirements"; and
  • SR-FINRA-2020-027, which allows the Office of Hearing Officers and National Adjudicatory Council to conduct virtual hearings for (i) appeals of Membership Application Program decisions, (ii) disciplinary decisions, (iii) eligibility proceedings and (iv) cease and desist orders.

Comments on the proposal must be submitted within 21 days of its publication in the Federal Register.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More