; review of action by appropriate commission; procedure (1) In general If an authority imposes any final disciplinary sanction on any member of the authority, or any participant with respect to the authority, denies membership or participation to any applicant, prohibits or limits any person from accessing services offered by the authority or a member of the authority, imposes any final disciplinary sanction on any person associated with a member, or bars any person from becoming associated with a member, the authority shall promptly file notice of that action with the appropriate commission. (2) Review (A) In general Any action with respect to which an authority is required to file notice under paragraph (1) shall be subject to review by the appropriate commission for the applicable member, participant, applicant, or other person, on its own motion, or upon application by any person aggrieved by that action if filed not later than 30 days after the date on which the notice was filed with the appropriate commission and received by the aggrieved person, or within such longer period as the appropriate commission may determine. (B) Application Application to the appropriate commission for review, or the institution of review by the commission on its own motion, shall not operate as a stay of an action described in subparagraph (A) unless the appropriate commission otherwise orders, summarily or after notice and opportunity for hearing on the question of a stay, which may consist solely of the submission of affidavits or presentation of oral arguments. (C) Stays For the purposes of this paragraph, each of the appropriate commissions shall establish for appropriate cases an expedited procedure for consideration and determination of the question of a stay. (3) Applicability This subsection shall apply only to the extent that an authority imposes any final disciplinary sanction for— (A) a violation of Federal law or the rules issued under Federal law