Settlement application suspends final order pending disposal, while allowing interim directions to protect investors and market integrity. Filing a settlement application does not stop the continuance of specified proceedings but keeps the final order in abeyance until disposal; proceedings against an applicant are not to be initiated while the application is pending unless the application is rejected or withdrawn, and the filing does not prevent necessary initiation of proceedings for issuing interim civil and administrative directions to protect investors and market integrity; where only some parties apply, proceedings against non-applicants proceed and adverse observations against applicants are subject to the settlement outcome.