NFA Manual / Rules
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BYLAW 702. APPEALS COMMITTEE.
[Effective dates of amendments: July 1, 1987; March 15, 1994; October 15, 2001; January 1, 2005; and November 16, 2009.]
There shall be an Appeals Committee, consisting of five Directors, at least one of whom shall be a Public Representative (See Article XVIII(r)) and not more than three of whom shall represent FCMs, IBs, and CPO/CTAs. A majority of the Committee members eligible to participate in a proceeding shall constitute a quorum. The Committee members shall be proposed by the President and appointed by the Board. The President and the Board shall endeavor to propose and appoint Directors who reflect the various categories of Members described in the Articles. The Committee shall hear and decide appeals from and reviews of decisions in disciplinary cases by the Business Conduct Committee or the Hearing Committee under the Compliance Rules. Each Committee member shall serve for two years, or until the member's successor is appointed and qualified, or until the member's death, resignation, ineligibility or removal. A Committee vacancy shall be filled in the manner prescribed in Bylaw 601 for officers. A Committee member may be removed by the Board for cause.