7.10.3 Deposit for Appeal

Past version: Effective up to 02 Jun 2019

(a) An appellant (other than the Exchange) shall place a deposit of $1,500 with the Appeals Committee when submitting a notice of appeal.
(b) The deposit is not refundable unless:
(i) the appellant informs the Secretary in writing of the withdrawal of the appeal at least seven (7) calendar days before the hearing of the appeal;
(ii) the appeal is successful; or
(iii) the chairman of the Appeals Committee agrees to a refund, whether in full or in part.