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  • Terms of Reference of the Disciplinary Appeals Committee

    • DRA-4.2.3

      The powers, functions and limitations thereon of the Disciplinary Appeals Committee are as follows:

      (a) To exercise all the powers and functions relating to the referrals against the decisions of the Disciplinary Committee of the SROs; and
      (b) Without prejudice to the generality of the foregoing:
      (i) To convene and conduct hearings of cases referred to it and to decide whether those referrals have been made on satisfactory grounds;
      (ii) To summon members of SROs and issuers of securities and their representatives or employees to attend and make representations before the Disciplinary Appeals Committee;
      (iii) To request members of SROs and issuers of securities or their representatives or employees to produce their books and records for inspection by the Disciplinary Appeals Committee;
      (iv) To remit the case back to the Disciplinary Committee for reconsideration where fresh evidence put up on referral is allowed; and
      (v) To dismiss the charges referred to it or to uphold the verdict of the Disciplinary Committee and, as the case may be, to impose the same or substitute a lesser or a greater penalty to that imposed by the Disciplinary Committee.
      Amended: April 2020
      Added: July 2010

    • DRA-4.2.4

      Decisions of the Disciplinary Appeals Committee must be submitted to the CBB, in writing, as soon as possible after the conclusion of the proceeding.

      Amended: April 2020
      Added: July 2010