---
kind: "section"
citation: "17 C.F.R. § 171.23"
title: "17"
number: "171.23"
heading: "Notice of appeal."
url: "https://uscodex.org/cfr/17/171.23"
---

# §171.23. Notice of appeal.

- (a) **Time to file.** Any party aggrieved by the final decision of the National Futures Association in a disciplinary, membership denial or registration action may, within thirty days of the National Futures Association's service of the notice described in [§ 171.21](/cfr/17/171.21.md), file a notice of appeal with the Proceedings Clerk. The filing of such a notice shall not stay the effective date of the decision.
- (b) **Contents.** The notice of appeal shall consist of a brief statement indicating that the party is requesting Commission review of an action of the National Futures Association. It should identify:
  - (1) The name and address of the person appealing and, if represented, the name and address of his representative;
  - (2) The case name and docket number of the National Futures Association proceeding; and
  - (3) **The date of the decision.**
- (c) **Filing fee.** Each notice of appeal must be accompanied by a nonrefundable filing fee of $100. This amount may be paid by check, bank draft or money order, payable to the Commodity Futures Trading Commission.
- (d) **Defective notices of appeal.** Notices of appeal that are untimely or not accompanied by the filing fee shall not be accepted by the Proceedings Clerk absent a showing, by motion, of excusable neglect.

## Notes

### Authority

Authority: 7 U.S.C. 4a, 12a and 21, unless otherwise noted.

### Source

Source: 55 FR 41068, Oct. 9, 1990, unless otherwise noted.