Liability for action: underwriters face specified regulatory measures, including intermediary regime enforcement, for contraventions of securities law. Underwriters face regulatory accountability where they contravene the Act, rules or Regulations; such contraventions attract liability for action which may include measures under Chapter V of the Intermediaries Regulations, 2008. Historically, failure to comply with certificate conditions or other statutory contraventions were to be dealt with under the enquiry-and-penalty procedure, a procedural route now subsumed by the intermediary enforcement framework.
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 action: underwriters face specified regulatory measures, including intermediary regime enforcement, for contraventions of securities law.
Underwriters face regulatory accountability where they contravene the Act, rules or Regulations; such contraventions attract liability for action which may include measures under Chapter V of the Intermediaries Regulations, 2008. Historically, failure to comply with certificate conditions or other statutory contraventions were to be dealt with under the enquiry-and-penalty procedure, a procedural route now subsumed by the intermediary enforcement framework.
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