FINRA continues to revise its Codes of Arbitration Procedure in response to developments in arbitration practice. This week FINRA filed with the SEC two new rule change proposals: (1) to codify current practice that parties have the right to reply to responses to motions within five days of the response; and (2) to eliminate the requirement that FINRA appoint a chair-qualified arbitrator who is also qualified to hear statutory discrimination claims to promissory note disputes. If the SEC approves this second proposal, the statutory discrimination claim qualification would be eliminated, which would increase the available pool of arbitrators who could hear these disputes. For more details about these rules, see here (replies to responses to motions) and here (promissory note cases).