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4.02A.1

If an investigation or inspection reveals that a Clearing Member has breached any Rules, the Clearing House may take any of the following forms of disciplinary action, namely:

4.02A.1.1 to charge the Clearing Member before the Disciplinary Committee;
4.02A.1.2 to make an offer of composition to the Clearing Member, if an investigation or inspection reveals that the Clearing Member may have breached any Rule which is indicated in the third column of Schedule A as being compoundable; or
4.02A.1.3 to issue a letter of warning to the Clearing Member.

Amended on 27 March 200627 March 2006 and 16 May 201116 May 2011.