Final answer:
FINRA can grant exceptions for delays due to exceptional circumstances, which is true. Parties must apply and provide justification for FINRA to consider granting relief or extensions.
Step-by-step explanation:
The Financial Industry Regulatory Authority (FINRA) does have the ability to grant exceptions for delays caused by exceptional circumstances. This is considered true. FINRA recognizes that certain events beyond the control of the parties involved might impede timely compliance with its rules or regulations. When such circumstances arise, affected parties can seek relief or extensions for deadlines by applying for an exception from FINRA, providing adequate justification for the delay. It is crucial, however, for parties to make such requests as soon as possible and to ensure that they provide all necessary information for FINRA to consider the exception request.
Yes, FINRA can grant exceptions on delays due to exceptional circumstances. It is important to understand that FINRA, the Financial Industry Regulatory Authority, is a self-regulatory organization that oversees securities firms and professionals in the United States. In certain situations, such as natural disasters or other unforeseen events, FINRA may grant exceptions to certain rules or timelines to accommodate for the exceptional circumstances.