FINRA Sets Effective Date to Make Video Hearings Available on a Permanent Basis
FINRA set an effective date of August 23, 2023 for rule amendments to make permanent COVID-related procedural relief that will allow video conference hearings before the Office of Hearing Officers ("OHO") and the National Adjudicatory Council ("NAC").
As previously covered, FINRA amended Rules 1015 ("Review by National Adjudicatory Council"), 9261 ("Evidence and Procedure in Hearing"), 9341 ("Oral Argument"), 9524 ("National Adjudicatory Council Consideration"), 9830 ("Hearing") and the Funding Portal Rule 900 ("Code of Procedure"). The final rules differ from previous temporary relief in that:
- OHO and NAC will also have sua sponte authority to order hearings to occur by video conference based on a motion; and
- there will be more flexibility for using video conference for oral arguments in disciplinary proceedings than for evidentiary hearings due to the differences between those types of hearings.
Related Articles
-
The SEC approved a FINRA rule amendment to make permanent COVID-related procedural relief that will allow video conference hearings before the Office of Hearing Officers and the National Adjudicatory Council.
-
FINRA proposed amendments to make permanent previously-issued COVID-related procedural relief that would allow video conference hearings before the Office of Hearing Officers and the National Adjudicatory Council.
-
FINRA proposed to extend the expiration date on previously issued COVID-related relief.
-
FINRA proposed an additional extension of the expiration date on previously issued COVID-related relief.
-
FINRA proposed extending the expiration date on previously issued COVID-related relief from July 31, 2022 to October 31, 2022.
-
FINRA proposed extending temporary Covid-related relief from procedural requirements in FINRA rules, and to conduct certain hearings by videoconference.
-
FINRA proposed a rule change to 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.
-
FINRA proposed a rule change that would extend from April 30, 2021 to August 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.
-
FINRA proposed a rule change that would extend the expiration date for temporary amendments that (i) allow virtual hearings and (ii) provide relief to FINRA staff from certain enforcement and procedural requirements.
-
FINRA proposed temporary rule amendments to give the Office of Hearing Officers and National Adjudicatory Council the authority to conduct certain hearings by video conference.
-
FINRA proposed rule amendments to provide the self-regulatory agency temporary relief from certain enforcement and other procedural requirements while operations are impacted by the coronavirus.
Premium Content
Available only to Premium subscribers.
- SR-FINRA-2020-015: Proposed Rule Change to Temporarily Amend Certain Timing, Method of Service and Other Procedural Requirements in FINRA Rules During the Outbreak of the Coronavirus Disease (COVID-19)
- SR-FINRA-2020-027: Proposed Rule Change to Temporarily Amend FINRA Rules 1015, 9261, 9524 and 9830 to Permit OHO and NAC Hearings Under Those Rules to Be Conducted by Video Conference
- SR-FINRA-2020-042: Proposed Rule Change to Extend the Expiration Date of the Temporary Amendments in SR-FINRA-2020-15 and SR-FINRA-2020-027
- SR-FINRA-2021-019: Proposed Rule Change to Extend the Expiration Date of the Temporary Amendments set forth in SR-FINRA-2020-015 and SR-FINRA-2020-027
- SR-FINRA-2021-031: Proposed Rule Change to Extend the Expiration Date of the Temporary Amendments set forth in SR-FINRA-2020-015 and SR-FINRA-2020-027
- SR-FINRA-2022-004: Proposed Rule Change to Extend the Expiration Date of the Temporary Amendments Set Forth in SR-FINRA-2020-015 and SR-FINRA-2020-027
- SR-FINRA-2022-018: Proposed Rule Change To Extend the Expiration Date of the Temporary Amendments Set Forth in SR-FINRA-2020-015 and SR-FINRA-2020-027
- SR-FINRA-2022-029: Proposed Rule Change to Extend the Expiration Date of the Temporary Amendments Set Forth in SR-FINRA-2020-027 and the Temporary Amendments to FINRA Rule 9341(d) in SR-FINRA-2020-015
- SR-FINRA-2023-001: Proposed Rule Change to Extend the Expiration Date of the Temporary Amendments set forth in SR-FINRA-2020-027 and the Temporary Amendments to FINRA Rule 9341(d)
- SR-FINRA-2023-008: Proposed Rule Change to Amend FINRA Rules 1015, 9261, 9341, 9524 and 9830 and Funding Portal Rule 900 to Allow for Video Conference Hearings before the Office of Hearing Officers and the National Adjudicatory Council
- 85 FR 55712 - SROs; Financial Industry Regulatory Authority, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Temporarily Amend FINRA Rules 1015, 9261, 9524 and 9830 To Permit Hearings Under Those Rules To Be Conducted b ...
- 87 FR 43335 - SROs; Financial Industry Regulatory Authority, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Extend the Expiration Date of the Temporary Amendments Set Forth in SR-FINRA-2020-015 and SR-FINRA-2020-027
- 87 FR 64526 - SROs; Financial Industry Regulatory Authority, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Extend the Expiration Date of the Temporary Amendments Set Forth in SR-FINRA-2020-027 and the Temporary Amendm ...
- 88 FR 28645 - SROs; Financial Industry Regulatory Authority, Inc.; Notice of Filing of a Proposed Rule Change To Amend FINRA Rules 1015, 9261, 9341, 9524, 9830 and Funding Portal Rule 900 (Code of Procedure) To Permit Hearings Under Those Rules To Be ...
- 88 FR 51879 - SROs; Financial Industry Regulatory Authority, Inc.; Order Approving a Proposed Rule Change To Amend FINRA Rules 1015, 9261, 9341, 9524, 9830 and Funding Portal Rule 900 (Code of Procedure) To Permit Hearings Under Those Rules To Be Cond ...
- FINRA Rule 1015: Review by National Adjudicatory Council
- FINRA Rule 9261: Evidence and Procedure in Hearing
- FINRA Rule 9341: Oral Argument
- FINRA Rule 9524: National Adjudicatory Council Consideration
- FINRA Rule 9830: Hearing
- FINRA Rule 900: Code of Procedure (Funding Portals)
Join Premium
US Regulatory Intelligence combines regulatory and enforcement news, analysis, and practical work tools on an easy-to-use digital platform.