Certificate rejection procedure for FPIs - applicants receive written grounds and may seek Board reconsideration within thirty days. If an FPI certificate application does not meet requirements, the designated depository participant may reject it after giving a reasonable opportunity of being heard and must communicate the grounds for rejection in writing; the applicant may apply to the Board for reconsideration within thirty days, and the Board will consider submissions, provide a reasonable opportunity of being heard, and convey its decision in writing.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Certificate rejection procedure for FPIs - applicants receive written grounds and may seek Board reconsideration within thirty days.
If an FPI certificate application does not meet requirements, the designated depository participant may reject it after giving a reasonable opportunity of being heard and must communicate the grounds for rejection in writing; the applicant may apply to the Board for reconsideration within thirty days, and the Board will consider submissions, provide a reasonable opportunity of being heard, and convey its decision in writing.
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