Versions

 

MIE-3.1.8

In deciding any given regulatory and enforcement response, the CBB will nonetheless consistently assess the individual circumstance of each contravention against the CBB Law and this Module. The CBB's overall approach is to take into account:

(a) The seriousness of the contravention concerned (including the risks posed to the capital market);
(b) The compliance track record of the person concerned (including the extent to which the contravention reflects systemic weaknesses, reckless conduct, or wilful violation); and
(c) The measures that are most likely to achieve the desired result of remedying the contravention and preventing future contraventions.