Inspection procedure allows inspections without prior notice where investor or public interest requires immediate action. Regulation 17 requires the Board to give reasonable notice to a Self Regulatory Organization before undertaking an inspection, but permits the Board by written order to direct inspection without notice when investor or public interest so requires; once empowered, the inspecting authority shall undertake the inspection and the SRO is bound to discharge its obligations under the ensuing regulation.
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.
Inspection procedure allows inspections without prior notice where investor or public interest requires immediate action.
Regulation 17 requires the Board to give reasonable notice to a Self Regulatory Organization before undertaking an inspection, but permits the Board by written order to direct inspection without notice when investor or public interest so requires; once empowered, the inspecting authority shall undertake the inspection and the SRO is bound to discharge its obligations under the ensuing regulation.
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