Past version: Effective up to 02 Jun 2019
4.04A.2.1 The following procedures apply:—
a. The Clearing Member charged may submit a Defence. It must be given to the Secretary of the Disciplinary Committee within fourteen (14) days from the date of the Notice of Charge.
b. The Clearing House may respond to the Defence. It must be given to the Clearing Member charged and the Secretary within fourteen (14) days of receipt of the Defence.
c. The Clearing Member charged may reply to the Response. It must be given to the Secretary within fourteen (14) days of receipt of the Response.
4.04A.2.2 Time to comply with the deadlines may be extended by the chairman of the Disciplinary Committee or his nominee. A written request for extension must be submitted within the deadline and must set out the grounds. The decision of the chairman or his nominee is final and binding.
4.04A.2.3 The Disciplinary Committee may hear a charge and exercise all its powers even if the Clearing Member charged does not file a Defence or a Reply to the Response, or its corporate representative is not present at the hearing or any adjourned hearing.
Added on 27 March 200627 March 2006.