Uniform Submission Agreement Proposed Changes

1. Text of Proposed Rule Change
(a) Pursuant to the provisions of Section 19(b)(1) of the Securities Exchange
Act of 1934 (“Act”),1 the Financial Industry Regulatory Authority, Inc. (“FINRA”) (f/k/a
National Association of Securities Dealers, Inc. (“NASD”)) is filing with the Securities
and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend
the Uniform Submission Agreement (“USA”), which parties must sign prior to entering
into arbitration, and other rules of the Code of Arbitration Procedure for Customer
Disputes (“Customer Code”) and the Code of Arbitration Procedure for Industry
Disputes (“Industry Code”) that contain references to the agreement. The proposed
revisions to the USA will: (1) clarify what the parties are attesting to when they execute
the USA; (2) require parties to indicate in what capacity they are signing the agreement;
(3) convert the USA to a FINRA-specific agreement; and (4) use plain English to make
the agreement easier to read.
Below is the text of the proposed rule change. Proposed deletions are in brackets.
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