Regulatory action for non-compliance permits enforcement measures and supervisory-body action for violations of applicable obligations. Regulation 16Q authorises the Board to take appropriate action for violations of obligations under the relevant chapter or circulars issued under it. ... Summary
Regulatory action for non-compliance permits enforcement measures and supervisory-body action for violations of applicable obligations.
Regulation 16Q authorises the Board to take appropriate action for violations of obligations under the relevant chapter or circulars issued under it. Available measures may include action under Chapter V, the relevant Act, or other regulations issued by the Board. The Board may also direct supervisory bodies to take appropriate action for such violations, creating a parallel route for regulatory enforcement.
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