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MIR-4.2.2

The CBB may, at any time after receiving a notification referred to in rule MIR-4.2.1 and after providing the licensed member with an opportunity to be heard, issue directions to the relevant SRO, and/or such member:

(a) Where the notification relates to a matter referred to in rule MIR-4.2.1 (b):
1. To cease carrying on the first-mentioned business referred to in rule MIR-4.2.1 (b); or
2. To carry on such business referred to in rule MIR-4.2.1 (b) subject to such conditions or restrictions as the CBB may impose; or
(b) Where the notification relates to a matter referred to in rule MIR-4.2.1 (c):
1. To dispose of the shareholding referred to in rule MIR-4.2.1 (c); or
2. To exercise its rights relating to such shareholding subject to such conditions or restrictions as the CBB may impose;

and the member shall comply with such directions.

Amended: April 2013
Adopted January 2010