The newly-formed U.S. self-regulatory organization, the Financial Industry Regulatory Authority, announced the members of its 23-member interim board of governors.

The interim board will serve until FINRA’s three-year transition board of governors is elected at an annual meeting on October 26. Fourteen of the governors appointed to the interim board will continue to serve on the transition board. FINRA CEO Mary Schapiro will serve on both the interim and transition boards, and NYSE Regulation CEO Richard Ketchum will serve as chairman of both boards.

Both boards will include 11 public governors appointed from outside the securities industry and 10 governors from inside the securities industry. Three industry governors will be appointed-one each to represent NYSE floor brokers, independent dealers/insurance affiliates and investment company affiliates. Also, small firms (those with 150 or fewer registered representatives) will elect three board representatives. Mid-size firms (those with 151 to 499 registered reps) will elect one board rep. And, large firms (those with 500 or more registered reps) will elect three board reps.

Before the consolidation of NASD and NYSE Member Regulation, which became effective on July 30, NASD’s board of governors and NYSE Group’s board of directors appointed the 21 remaining members of the interim board.