[Federal Register Volume 89, Number 71 (Thursday, April 11, 2024)]
[Notices]
[Pages 25676-25677]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-07672]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 99915/April 8, 2024]


In the Matter of the Financial Industry Regulatory Authority, 
Inc.; Order Scheduling Filing of Statements On Review Regarding an 
Order Approving a Proposed Rule Change To Amend the FINRA Codes of 
Arbitration Procedure and Code of Mediation Procedure To Revise and 
Restate the Qualifications for Representatives in Arbitrations and 
Mediations (File No. SR-FINRA-2023-013)

    On October 5, 2023, the Financial Industry Regulatory Authority, 
Inc. (``FINRA'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Exchange Act'') \1\ and Rule 19b-4 
thereunder,\2\ a proposed rule change to amend the FINRA Code of 
Arbitration Procedure for Customer Disputes, the Code of Arbitration 
Procedure for Industry Disputes, and the Code of Mediation Procedure, 
to revise and restate the qualifications for representatives in 
arbitrations and mediations in the forum administered by FINRA Dispute 
Resolution Services. The proposed rule change was published for public 
comment in the Federal Register on October 13, 2023.\3\ The public 
comment period closed on November 3, 2023. The Commission received 
comment letters related to this filing.\4\ On November 9, 2023, FINRA 
consented to an extension of the time period in which the Commission 
must approve the proposed rule change, disapprove the proposed rule 
change, or institute proceedings to determine whether to approve or 
disapprove the

[[Page 25677]]

proposed rule change to January 11, 2024.\5\ On January 8, 2024, FINRA 
responded to the comment letters received in response to the Notice.\6\
---------------------------------------------------------------------------

    \1\ See 15 U.S.C. 78s(b)(1).
    \2\ See 17 CFR 240.19b-4.
    \3\ See Exchange Act Release No. 98703 (Oct. 6, 2023), 88 FR 
71051 (Oct. 13, 2023) (File No. SR-FINRA-2023-013) (``Notice'').
    \4\ The comment letters are available at https://www.sec.gov/comments/sr-finra-2023-013/srfinra2023013.htm.
    \5\ See letter from Kristine Vo, Assistant General Counsel, 
FINRA, to Lourdes Gonzalez, Assistant Chief Counsel, Division of 
Trading and Markets, Commission, dated Nov. 9, 2023, https://www.finra.org/sites/default/files/2023-11/SR-FINRA-2023-013-ExtensionNo1.pdf.
    \6\ See letter from Kristine Vo, Assistant General Counsel, 
Office of General Counsel, FINRA, to Vanessa Countryman, Secretary, 
Commission, dated January 8, 2024, https://www.sec.gov/comments/sr-finra-2023-013/srfinra2023013-366519-893662.pdf.
---------------------------------------------------------------------------

    On January 11, 2024, the Division of Trading and Markets 
(``Division''), pursuant to delegated authority,\7\ issued an order 
approving the proposed rule change.\8\ On January 19, 2024, the Deputy 
Secretary of the Commission notified FINRA that, pursuant to Commission 
Rule of Practice 431,\9\ the Commission would review the Division's 
action pursuant to delegated authority and that the Division's action 
pursuant to delegated authority was stayed until the Commission orders 
otherwise.\10\
---------------------------------------------------------------------------

    \7\ See 17 CFR 200.30-3(a)(12).
    \8\ See Exchange Act Release No. 99335 (Jan. 11, 2024), 89 FR 
3481 (Jan. 18, 2024).
    \9\ See 17 CFR 201.431.
    \10\ See letter from J. Matthew DeLesDernier, Deputy Secretary, 
Commission, to Kristine Vo, Assistant General Counsel, FINRA, dated 
Jan. 19, 2024, https://www.sec.gov/files/rules/sro/finra/2024/34-99335-letter.pdf.
---------------------------------------------------------------------------

    Accordingly, it is ordered, pursuant to Commission Rule of Practice 
431, that on or before May 8, 2024, any party or other person may file 
a statement in support of, or in opposition to, the action made 
pursuant to delegated authority.
    It is further ordered that the order approving proposed rule change 
SR-FINRA-2023-013 shall remain stayed pending further order of the 
Commission.

    By the Commission.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-07672 Filed 4-10-24; 8:45 am]
BILLING CODE 8011-01-P