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    <title>Power to issue directions</title>
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    <description>Regulation 25 empowers the Board to issue directions to protect securities market investors, including refunds of application monies, restrictions on dealing and market access, restraints on further issuances, orders for sale or divestment, and refusals or freezes on transfers; it also requires the Board to give affected persons an opportunity to be heard, while permitting ex parte directions followed by post decisional hearings where necessary.</description>
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      <description>Regulation 25 empowers the Board to issue directions to protect securities market investors, including refunds of application monies, restrictions on dealing and market access, restraints on further issuances, orders for sale or divestment, and refusals or freezes on transfers; it also requires the Board to give affected persons an opportunity to be heard, while permitting ex parte directions followed by post decisional hearings where necessary.</description>
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