Dispute resolution requirement: regulated entities must submit client and investor disputes to mediation, conciliation, or arbitration under Board procedure. All regulated intermediaries and entities must submit claims, differences or disputes with clients, investors or counterparties arising from securities-market activities to a dispute resolution mechanism comprising mediation and/or conciliation and/or arbitration, to be conducted in accordance with the procedure specified by the Board; trust-structured vehicles receive express protection that managers, trustees or officers shall not have loss, damage or expenses met from trust property in relation to dispute resolution.