Future version: Effective from 15 Jul 2026
Rule Violation | Whether composition may be offered | Composition Amount that may be offered by the Depository, where the Depository has determined the Depository Agent to be in volation | Mandatory minimum penalty imposable by the DC | |||
Rule Number | Brief Description of Rule | 1st Violation | 2nd Violation | 3rd Violation | ||
| Rule 12 — Supervisory Rules | ||||||
12A.1 | Depository Investigations | |||||
| Depository Agent to cooperate with any investigation conducted by the Depository. | Not Compoundable | Not Compoundable | $10,000 | |||
| Depository Agent, its directors, officers, employees or agents not to wilfully make, furnish or permit the making or furnishing of any false or misleading information, statement or report to the Depository. | Not Compoundable | Not Compoundable | $10,000 | |||
12A.2 | Depository Inspections | |||||
| Depository Agent to give Depository Inspector access to all information, books and records as requested. | Not Compoundable | Not Compoundable | $10,000 | |||
| Depository Agent to immediately pay fees for inspection by the Depository. | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. | |
Added on 15 July 2026.