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    <title>Summary Settlement Procedure</title>
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    <description>Summary settlement procedure permits the Board to offer settlement of specified regulatory defaults upon remittance of a settlement amount and/or furnishing or compliance with non monetary undertakings. Eligible defaults include late filings, delayed or missing disclosures, failures to use prescribed formats, delays in complying with legal requirements or Board directions, and other violations as determined by the Board. The Board may refuse settlement for failure to disclose fully or to cooperate, may modify enforcement action, and may grant limited extensions; satisfaction with payment and undertakings leads to an order of settlement.</description>
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