7.2.1 Disciplinary Action
Amended on 16 May 201116 May 2011.
7.2.1A Composition by the Exchange.
For the purposes of determining whether a Rule Violation is classified as a first, second, third or subsequent offence under Schedule A, only previous violations under the same Rule will be taken into consideration.
Added on 16 May 201116 May 2011.
7.2.2 Investigative Powers
In determining whether to lay a charge before the Disciplinary Committee or to make an offer of composition, the Exchange may, without notification to any Member, Approved Trader or Registered Representative, commence investigations in accordance with Rule 7.4.
Amended on 16 May 201116 May 2011.
7.2.3 Restriction and Supervision of Member's Conduct of Business
Amended on 25 August 200925 August 2009.
7.2.4 Restriction of Activities of Members, Approved Traders or Registered Representatives
Amended on 25 August 200925 August 2009 and 1 April 20141 April 2014.
7.2.5 Referral to Disciplinary Committee
If the Exchange suspends the privileges of a Member, Approved Trader or Registered Representative as contemplated in Rules 2.13.7, 2.14.3 or 2.15.2, or exercises any of the powers set forth in Rules 7.2.3 and 7.2.4, the Exchange shall refer the matter to the Disciplinary Committee within fourteen (14) calendar days of such action (the "Summary Referral"). The Summary Referral shall contain an account of (a) the Exchange's exercise of the summary powers; and (b) the grounds for taking action against the Member, Approved Trader or Registered Representative. The Exchange shall provide the Member, Approved Trader or Registered Representative with a copy of the Summary Referral at the same time that such document is provided to the Disciplinary Committee. The Summary Referral shall constitute a notice of charge as contemplated under Rule 7.7.2.