Written-submission procedure requires intermediary responses before recommended action, while allowing streamlined orders for substantially similar matters. Proceedings concerning intermediaries use a recommendation-based procedure involving an appointed Board officer, unless the Chairman or member dispenses ... Summary
Written-submission procedure requires intermediary responses before recommended action, while allowing streamlined orders for substantially similar matters.
Proceedings concerning intermediaries use a recommendation-based procedure involving an appointed Board officer, unless the Chairman or member dispenses with that procedure after considering the intermediary's representation. The officer issues notice requiring a written submission within a period not exceeding fifteen days, extendable for recorded sufficient reasons. After considering any response, or the material on record where no response is filed, the officer submits a reasoned report and may recommend action under Regulation 27. Common orders may address substantially similar matters involving multiple intermediaries.
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