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The Monetary Trade Regulatory Authority stated Wednesday that as of Aug. 23, video convention hearings can be allowed for disciplinary and enforcement hearings earlier than its Workplace of Listening to Officers and the Nationwide Adjudicatory Council beneath sure situations.
The rule modifications “make everlasting, with some modifications, short-term amendments that allowed OHO and the NAC to order, and not using a movement, hearings to proceed by video convention primarily based on public well being dangers associated to COVID-19.“
Past COVID-19
Beneath the amended guidelines, OHO’s and the NAC’s authority to order hearings by video convention, FINRA defined, “extends past the general public well being dangers posed by COVID-19 to comparable conditions by which continuing in individual could endanger the well being or security of the contributors or could be impracticable.”
As an illustration, “showing in individual could also be impracticable within the occasion of a pure catastrophe or terrorist assault that induced journey to be cancelled for a time frame,” FINRA stated.
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