Post-inspection directions empower corrective restrictions, asset disposal, investor refunds, and market-access prohibitions following a hearing. Post-inspection enforcement authorises directions after consideration of an inspection report and a reasonable opportunity of hearing. Directions may ... Summary
Post-inspection directions empower corrective restrictions, asset disposal, investor refunds, and market-access prohibitions following a hearing.
Post-inspection enforcement authorises directions after consideration of an inspection report and a reasonable opportunity of hearing. Directions may restrict new scheme launches or fundraising, prevent disposal of property acquired in contravention, require directed asset disposal, and require repayment of money or assets to investors with or without interest. Concerned persons may also be prohibited from operating in or accessing the financial market for a specified period.
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