Settlement Undertaking requires applicants to admit jurisdiction, waive certain rights and comply with payment and non disparagement terms. The schedule prescribes a settlement application format requiring comprehensive applicant identification, details of alleged defaults, financial ... Summary
Settlement Undertaking requires applicants to admit jurisdiction, waive certain rights and comply with payment and non disparagement terms.
The schedule prescribes a settlement application format requiring comprehensive applicant identification, details of alleged defaults, financial disclosures, proposed monetary and non monetary settlement terms, and specified supporting documents; it mandates payment of processing fees and execution of notarised undertakings and waivers admitting the regulator's jurisdiction, excluding settlement time from limitation calculations, agreeing to payment and enforcement of the settlement order, and waiving specified procedural rights and appeals in respect of the settled matters.
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