[Code of Federal Regulations]
[Title 17, Volume 1]
[Revised as of April 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR7.201]

[Page 212]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 7_CONTRACT MARKET RULES ALTERED OR SUPPLEMENTED BY THE COMMISSION
--Table of Contents
 
          Subpart C_Board of Trade of the City of Chicago Rules
 
Sec.  7.201  Regulation 620.01(B).

    Customers' claims and grievances. The Arbitration Committee and 
Mixed Panels constituted pursuant to Regulation 620.02 have jurisdiction 
to arbitrate all customers' claims and grievances against any member or 
employee thereof which have arisen prior to the date the customer's 
claim is asserted. If the customer elects to initiate an arbitration 
proceeding of any customer claim or grievance, the member shall submit 
to arbitration in accordance with these Arbitration Rules and 
Regulations. The Arbitration shall be initiated by delivery to the 
Administrator of (a) a Statement of Claim and a ``Chicago Board of Trade 
Arbitration Submission Agreement for Customer's Claims and Grievances'' 
signed by the customer or (b) a Statement of Claim and another 
arbitration agreement between the parties, which agreement conforms in 
all respects with any applicable requirements prescribed by the 
Commodity Futures Trading Commission. The refusal of any member or 
employee to sign the ``Chicago Board of Trade Arbitration Submission 
Agreement for Customer's Claims and Grievances'' shall not deprive the 
Arbitration Committee or a Mixed Panel constituted pursuant to 
Regulation 620.02 of jurisdiction to arbitrate customers' claims under 
these Arbitration Rules and Regulations. The Committee and Mixed Panels 
have jurisdiction to arbitrate a counterclaim asserted in such an 
arbitration, but only if it arises out of the transaction or occurrence 
that is the subject of the customer's claim or grievance and does not 
require for adjudication the presence of essential witnesses, parties or 
third persons over whom the Association does not have jurisdiction. 
Other counterclaims are subject to arbitration by the Committee, or a 
Mixed Panel, only if the customer agrees to the submission after the 
counterclaim has arisen.

[49 FR 10660, Mar. 22, 1984]