FINRA Proposes Extension of Pandemic-Related Relief

FINRA proposed extending temporary Covid-related relief from procedural requirements in FINRA rules, and to conduct certain hearings by videoconference. The proposed extension is from March 31, 2022 to July 31, 2022.

The proposed rule changes (i) provide temporary relief from timing, method of service, and other procedural requirements in FINRA rules (SR-FINRA-2020-015), and (ii) allow FINRA’s Office of Hearing Officers and the National Adjudicatory Council to conduct hearings, on a temporary basis, by videoconference if warranted by COVID-19 related public health risks (SR-FINRA-2020-027).