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[Adopted effective June 2, 1990.]

    (a) No individual shall be eligible to serve as a Panel member if such person:

      (i) is subject to any of the disqualifications set forth in CFTC Regulation 1.63(b);

      (ii) has been convicted of a felony within the prior 10 years; or

      (iii) is subject to a Member Responsibility Action or Associate Responsibility Action which is currently in effect.

    (b) The Secretary may disqualify an individual from serving on a Panel for conditions other than those set forth in paragraph (a) of this Bylaw and may adopt eligibility standards in addition to those set forth in paragraph (a) of this Bylaw.

    (c) Service on a Panel by an individual who is ineligible for service pursuant to this Bylaw shall not constitute grounds to challenge an award rendered by the Panel.

(See Interpretive Notice NFA Bylaws 515, 708 and 802: NFA Requirements which Constitute Disciplinary Offenses.)

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