Past version: Effective from 30 Jun 2014 to 11 Nov 2018
| Rule Violation | Whether composition may be offered | Composition Amount which may be Offered by the Clearing House, where the Clearing House has Determined the Clearing Member to be Liable | Mandatory minimum penalty imposable by the DC | |||
| Rule Chapter/Number | Brief Description of Rule | 1st Violation | 2nd Violation | 3rd Violation | ||
| Chapter 7A — Suspension and Default | ||||||
| 7A.01.2 | Clearing Member to comply with conditions and requirements imposed by the Clearing House if its activities are restricted | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 7A.01.4 | Clearing Member to notify Clearing House upon the occurrence of any of the events stated in Rule 7A.01.1. | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 7A.02.1.5(b) | Participating Clearing Member to participate in such auction stated in Rule 7A.02.1.5 | Not Compoundable | Not Compoundable | $10,000 | ||
| 7A.02.2 | Clearing Member to cooperate with the Clearing House and nondefaulting Clearing Members in respect of actions which the Clearing House may take under Rule 7A.02.1. | Not Compoundable | Not Compoundable | $10,000 | ||
| 7A.04.2 | Suspended or Expelled Clearing Member not to take on or clear new Contracts | Not Compoundable | Not Compoundable | $10,000 | ||
| 7A.05.1.4 | Clearing Member to make up deficiencies in Security Deposit resulting from applications by Clearing House on default by Clearing Member | Not Compoundable | Not Compoundable | $10,000 | ||
| 7A.05.1.5 | Clearing Member not to take any action to interfere with ability of Clearing House to apply the Security Deposit | Not Compoundable | Not Compoundable | $30,000 | ||
| 7A.06.2.1 | Clearing Member to place required Security Deposit with the Clearing House | Not Compoundable | Not Compoundable | $10,000 | ||
| 7A.06.3.2 | Clearing Member to deposit Further Assessment Amount with the Clearing House | Not Compoundable | Not Compoundable | $10,000 | ||
| 7A.06.3.3 | Clearing Member to immediately furnish Further Assessment Amount not deposited with the Clearing House, prior to the close of business on the Business Day immediately following the call | Not Compoundable | Not Compoundable | $10,000 | ||
| 7A.06.8.1 | Clearing Member to make good any deficiency in Security Deposits prior to close of business on Business Day immediately following such application | Not Compoundable | Not Compoundable | $10,000 | ||
| 7A.07.5 | Clearing Member to pay Termination Amount (if negative) to Clearing House | Not Compoundable | Not Compoundable | $10,000 | ||
Added on 7 August 20127 August 2012 and amended on 30 June 201430 June 2014.