Rulebooks: Contents

Rulebooks
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Chapter 1 Application of Rules
Chapter 2 Clearing Membership
Chapter 3 Committees
Chapter 4 Enforcement of Rules
Chapter 5 Arbitration
Chapter 6 Delivery and Related Matters
Chapter 7 Clearing and Margins
Chapter 7A Suspension and Default
Chapter 7B Payments
Chapter 8 Mutual Offset System
Chapter 9 Definitions and Interpretation
Chapter 10 Transitional Provisions
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SIAC DT Arbitration Rules
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Archive
Rule Amendments

  Versions
(2 versions)
 
May 16 2011 - Jun 2 2019Jun 3 2019 onwards

4.03A.5

Past version: effective from May 16 2011 - Jun 2 2019.
To view other versions open the versions tab on the right.

4.03A.5 Mandatory Minimum Penalties to be Imposed by Disciplinary Committee for certain Rule Violations.
4.03A.5.1 Minimum penalties imposable by the Disciplinary Committee have been stipulated in respect of certain Rule violations, as set out in the seventh column of Schedule A.
4.03A.5.2 Where a minimum penalty has been stipulated in respect of a particular Rule violation, if the Disciplinary Committee is satisfied that the Clearing House has proved on a balance of probabilities that the Clearing Member has committed the conduct described in the charge, the Disciplinary Committee:
a. shall impose a penalty, pursuant to its power under Rule 4.03A.4.3, not lower than the minimum amount as stated in the seventh column of Schedule A, for that particular Rule violation; and
b. may choose to impose, in addition to the penalty in subsection (i), any one or more of the sanction(s) as set out in Rule 4.03A.4.

Added on 16 May 2011.