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
Added: July 2010