Regulatory Alerts2021-11-11
GEN.S.10.16 – Imposition of Penalties on List Applicants
The regulator issued GEN.S.10.16 to establish the formal framework for imposing financial penalties on list applicants. The rule outlines specific criteria, calculation methodologies, and procedural requirements that authorities must follow when determining penalty amounts. It also clarifies the enforcement process, ensuring consistent application of sanctions across all listed entities while providing clear avenues for appeal and compliance.
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