Action on inspection reports: regulator may impose enforcement measures, including intermediary-related sanctions under applicable regulations. Regulation 25 empowers the Board or the Chairman, after consideration of an inspection or investigation report, to take such action as deemed fit, ... Summary
Action on inspection reports: regulator may impose enforcement measures, including intermediary-related sanctions under applicable regulations.
Regulation 25 empowers the Board or the Chairman, after consideration of an inspection or investigation report, to take such action as deemed fit, including enforcement measures under the intermediary regulatory framework; historically, the prior formulation required communicating findings to the custodian, providing an opportunity to be heard, and calling on the custodian to take necessary measures for market integrity and compliance.
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