Filling of Vacancies on Regional Committees
Sec. 8.4 In the event of a vacancy on a Regional Committee prior to the expiration of the Regional Committee member's term of office, and where the Chief Executive Officer or his or her designee determines, pursuant to Section 8.2(d), that such vacancy should be filled, or in the event of a newly created membership on a Regional Committee by virtue of an increase in the authorized number of members thereof, the Regional Committee shall appoint by majority vote an individual who meets the qualification requirements of Section 8.2(a) to fill a vacancy. The appointment by the Regional Committee shall be effective until the next regularly scheduled election, and until such Regional Committee member's successor is elected and qualified. Following the next regularly scheduled election, in the event of a vacancy, the newly elected Regional Committee member shall serve only the duration of the departed Regional Committee member's term, and in the event of a newly created membership, the newly elected Regional Committee member shall serve only the duration of the term for such class of membership.
Amended by SR-FINRA-2018-021 eff. May 18, 2018. Amended by SR-FINRA-2011-011 eff. April 28, 2011. Amended by SR-FINRA-2008-046 eff. Nov. 6, 2008. Amended by SR-NASD-2003-55 eff. Feb. 1, 2004. Amended by SR-NASD-97-71 eff. Jan. 15, 1998. |