Voluntary Decisional Procedure Law and Legal Definition

According to 17 CFR 12.2 ( Title 17 - Commodity and Securities Exchanges; Chapter I - Commodity Futures Trading Commission; Part 12 - Rules Relating To Reparations; Subpart A - General Information And Preliminary Consideration Of Pleadings),voluntary decisional procedure means, regardless of the amount of damages claimed, “a procedure which the complainant and the respondent have chosen voluntarily to submit their claims and counterclaims, allowable under these rules, for an expeditious resolution by a Judgment Officer. By electing the voluntary decisional procedure, parties agree that a decision issued by a Judgment Officer shall be without accompanying findings of fact and shall be final without right of Commission review or judicial review. A voluntary decisional proceeding is governed by subpart C of these rules.”