FINRA Manual - Corporate Organization - By-Laws of the Corporation

Help Go

Table of Contents

Advanced Search

Manual Search

View Whole Section

Location: FINRA Manual > Corporate Organization > By-Laws of the Corporation

By-Laws of the Corporation

View whole section

Contents:

ARTICLE I DEFINITIONS

ARTICLE II OFFICES

Change of Location

ARTICLE III QUALIFICATIONS OF MEMBERS AND ASSOCIATED PERSONS

Persons Eligible to Become Members and Associated Persons of Members

Authority of Board to Adopt Qualification Requirements

Ineligibility of Certain Persons for Membership or Association

Definition of Disqualification

ARTICLE IV MEMBERSHIP

Application for Membership

Similarity of Membership Names

Executive Representative

Membership Roll

Resignation of Members

Retention of Jurisdiction

Transfer and Termination of Membership

Registration of Branch Offices

ARTICLE V REGISTERED REPRESENTATIVES AND ASSOCIATED PERSONS

Qualification Requirements

Application for Registration

Notification by Member to the Corporation and Associated Person of Termination; Amendments to Notification

Retention of Jurisdiction

ARTICLE VI DUES, ASSESSMENTS, AND OTHER CHARGES

Power of the Corporation to Fix and Levy Assessments

Reports of Members

Suspension or Cancellation

Reinstatement of Membership or Registration

ARTICLE VII BOARD OF GOVERNORS

Powers and Authority of Board

Authority to Cancel or Suspend for Failure to Submit Required Information

Authority to Take Action Under Emergency or Extraordinary Market Conditions

Composition and Qualifications of the Board

Term of Office of Governors

Disqualification

Filling of Vacancies

Meetings of Board; Quorum; Required Vote

The Nominating Committee

Procedure for Nomination of Governors

Communication of Views

Administrative Support

Election of Governors

Maintenance of Compositional Requirements of the Board

ARTICLE VIII OFFICERS, AGENTS, AND EMPLOYEES

Absence of Chief Executive Officer

Agents and Employees

Employment of Counsel

Delegation of Duties of Officers

Resignation and Removal of Officers

ARTICLE IX COMMITTEES

Maintenance of Compositional Requirements of Committees

Removal of Committee Member

Executive Committee

Audit Committee

Finance Committee

Integration Committee

ARTICLE X COMPENSATION OF BOARD AND COMMITTEE MEMBERS

ARTICLE XI RULES

ARTICLE XII DISCIPLINARY PROCEEDINGS

ARTICLE XIII POWERS OF BOARD TO IMPOSE SANCTIONS

ARTICLE XIV UNIFORM PRACTICE CODE

Authority to Adopt Code

Administration of Code

Transactions Subject to Code

ARTICLE XV LIMITATION OF POWERS

Use of Name of the Corporation by Members

Unauthorized Expenditures

Conflicts of Interest

Municipal Securities

ARTICLE XVI PROCEDURE FOR ADOPTING AMENDMENTS TO BY-LAWS

ARTICLE XVII CORPORATE SEAL

ARTICLE XVIII CHECKS

ARTICLE XIX ANNUAL FINANCIAL STATEMENT

ARTICLE XX RECORD DATES

Fixing of Date by Board

ARTICLE XXI MEETINGS OF MEMBERS

Special Meetings

Notice of Meeting; Member Business

Conduct of Meetings

ARTICLE XXII TRANSITIONAL PERIOD

Powers and Authority of Board

Composition and Qualifications of the Board

Term of Office of Governors

Nominations at the First Annual Meeting Following Closing

Schedule A to the By-Laws of the Corporation

Section 1 — Member Regulatory Fees

Section 2 — Gross Revenue for Assessment Purposes

Section 3 — Regulatory Transaction Fee

Section 4 — Fees

Section 5 — Elimination of Duplicate Assessments and Fees

Section 6 — Assessments and Fees for New Members, Resigning Members and Successor Organizations

Section 7 — Fees for Filing Documents Pursuant to the Corporate Financing Rule

Section 8 — Service Charge for Processing Extension of Time Requests

Section 9 — Subscription Charges for Registration Batch Filing/Data Download Via the Web CRD Electronic File Transfer (EFT) System

Section 10 — Request for Data and Publications

Section 11 — Reserved

Section 12 — Application and Annual Fees for Member Firms with Statutorily Disqualified Individuals

Section 13 — Review Charge for Communications Filed or Submitted

Section 14 — Accounting Support Fee for Governmental Accounting Standards Board

Section 15 — Funding Portal Member Fees