FINRA Proposes Temporary Relief For FINRA Staff From Certain Procedural Requirements

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.

Under the proposed rule amendments, FINRA staff would be provided with temporary relief through June 15, 2020, from "timing, method of servicing and other procedural requirements" in order to protect their health and safety, while also permitting FINRA to continue with critical review processes. In addition, the proposed rule change would "require applicants, respondents and other parties to serve or file certain documents or other information by electronic mail, unless the parties agree to an alternative method, during this same time period."