Regulatory Alerts2017-03-07
Added · Updated
Securities Industry (Disciplinary Proceedings) (Hearings and Settlements) Rules, 2017
The Securities Commission establishes procedural rules for disciplinary proceedings, including the establishment of a Hearing Panel and a Settlement Committee. The Rules mandate specific timelines for preliminary complaints, formal complaints, and evidence disclosure, such as fourteen days for witness statements and twenty-one days for expert reports. They define the conduct of oral and documentary hearings, settlement procedures, and the powers of the Hearing Panel to issue final decisions and enforce compliance.
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