13207. Extension of Deadlines

This rule is no longer applicable. NASD Rule 13207 has been superseded by FINRA Rule 13207. Please consult the appropriate FINRA Rule.

The Industry Code will apply to claims filed on or after April 16, 2007. In addition, the list selection provisions of the Industry Code will apply to previously filed claims in which a list of arbitrators must be generated after April 16, 2007; in these cases, however, the claim will continue to be governed by the remaining provisions of the old Code unless all parties agree to proceed under the new code.

(a) The parties may agree in writing to extend or modify any deadline for:
  • Serving an answer;

  • Returning arbitrator or chairperson lists;

  • Responding to motions; or

  • Exchanging documents or witness lists.
If the parties agree to extend or modify a deadline under this rule, they must notify the Director of the new deadline in writing.
(b) The panel may extend or modify any deadline listed in paragraph (a), or any other deadline set by the panel, either on its own initiative or upon motion of a party.
(c) The Director may extend or modify any deadline or time period set by the Code for good cause. The Director may also extend or modify any deadline or time period set by the panel in extraordinary circumstances.
Adopted by SR-NASD-2004-011 eff. April 16, 2007.

Selected Notices: 07-07

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