Bylaws

Chapter 7. Committees

BYLAW 702. APPEALS COMMITTEE.

[Effective dates of amendments: July 1, 1987; March 15, 1994; October 15, 2001; January 1, 2005; November 16, 2009; February 20, 2014; August 1, 2016 and February 15, 2024.]

There shall be an Appeals Committee, consisting of five Directors as follows: one FCM, LTM, or IB Director; one CPO/CTA Director; one SD, RFED or MSP Director; and two Public Representative Directors (See Article XVIII). A majority of the Committee members shall constitute a quorum. The Nominating and Governance Committee shall recommend Directors to serve on the Appeals Committee. Upon consideration of the recommendation, the Board shall appoint members of the Appeals Committee.

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 and decisions by the Membership Committee or its designated Subcommittee in membership cases under Bylaw 301(g).

Each Committee member shall serve for one year, which may be renewed by the Board, 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 by the Board. A Committee member may be removed by the Board whenever, in its judgment, the best interests of NFA will be served thereby.