Settlement applications suspend final orders or show-cause notices but preserve interim protective directions and proceedings against non-applicants. Settlement applications filed after a show cause notice permit the specified proceeding to continue while the final order remains in abeyance until ... Summary
Settlement applications suspend final orders or show-cause notices but preserve interim protective directions and proceedings against non-applicants.
Settlement applications filed after a show cause notice permit the specified proceeding to continue while the final order remains in abeyance until disposal or withdrawal. Applications filed before a show cause notice keep its issuance in abeyance. The Board retains power to issue interim civil and administrative directions for investor protection and market integrity. Applications by some entities do not affect enforcement proceedings against non-applicants, and adverse observations against an applicant remain subject to its settlement outcome.
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