Regulatory default enforcement requires written submissions before suspension or cancellation of a trust and company services provider's registration. Trust and Company Services Providers that contravene applicable regulatory provisions, guidelines, circulars or directions are liable to enforcement ... Summary
Regulatory default enforcement requires written submissions before suspension or cancellation of a trust and company services provider's registration.
Trust and Company Services Providers that contravene applicable regulatory provisions, guidelines, circulars or directions are liable to enforcement action under the Act, including suspension or cancellation of registration. Before enforcement action arising from regulatory default is taken, the provider must be afforded a reasonable opportunity to be heard through written submissions.
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