Liability for default triggers enforcement under intermediaries disciplinary procedures and potential imposition of regulatory penalties. Liability for action arises where a collective investment management company contravenes the Act or these regulations, furnishes false or misleading information or suppresses material information, fails to co operate in inspections or investigations, disobeys directions, fails to resolve investor complaints or furnish satisfactory replies, breaches the Code of Conduct, omits payment of prescribed fees, violates registration conditions, or fails to apply for or list units; such defaults are to be dealt with under the intermediaries' enforcement and disciplinary procedure.
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.
Liability for default triggers enforcement under intermediaries disciplinary procedures and potential imposition of regulatory penalties.
Liability for action arises where a collective investment management company contravenes the Act or these regulations, furnishes false or misleading information or suppresses material information, fails to co operate in inspections or investigations, disobeys directions, fails to resolve investor complaints or furnish satisfactory replies, breaches the Code of Conduct, omits payment of prescribed fees, violates registration conditions, or fails to apply for or list units; such defaults are to be dealt with under the intermediaries' enforcement and disciplinary procedure.
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