Whole Section

  • 4.07A Payment of Costs

    • 4.07A.1

      The Disciplinary Committee or Appeals Committee may require the Clearing Member charged to pay all or part of the costs of the investigation, inspection or hearing.

      Added on 27 March 200627 March 2006.

    • 4.07A.2

      The Disciplinary Committee or Appeals Committee may order the costs awarded to be paid within fourteen (14) days.

      Added on 27 March 200627 March 2006.

    • 4.07A.3

      Where an order for costs of the proceedings has been imposed against a Clearing Member and the Clearing Member does not make payment within the specified period, the outstanding sum shall be a debt payable to the Clearing House. The Clearing House may commence legal action to recover that debt, subject to any subsequent payments made by the Clearing Member. The Clearing House shall be entitled to claim reasonable interest, a month after the payment is due, based on the sum outstanding.

      Added on 3 June 20193 June 2019.