Past version: Effective up to 02 Jun 2019
4.03A.5 Mandatory Minimum Penalties to be Imposed by Disciplinary Committee for certain Rule Violations.
4.03A.5.1 Minimum penalties imposable by the Disciplinary Committee have been stipulated in respect of certain Rule violations, as set out in the seventh column of Schedule A.
4.03A.5.2 Where a minimum penalty has been stipulated in respect of a particular Rule violation, if the Disciplinary Committee is satisfied that the Clearing House has proved on a balance of probabilities that the Clearing Member has committed the conduct described in the charge, the Disciplinary Committee:
a. shall impose a penalty, pursuant to its power under Rule 4.03A.4.3, not lower than the minimum amount as stated in the seventh column of Schedule A, for that particular Rule violation; and
b. may choose to impose, in addition to the penalty in subsection (i), any one or more of the sanction(s) as set out in Rule 4.03A.4.
Added on 16 May 201116 May 2011.