CmaBylaw
Executive Bylaws
2-5-5 Of Module Four: Securities Exchanges and Clearing Agencies
Section: Chapter Two: Clearing Agencies
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Sunday, 05 February 2017
In case of non-compliance by any dealer with the clearing rules, the Clearing Agency may bind that dealer to pay the charges resulting from his non-compliance. The Clearing Agency should prepare a table setting out the stipulated fees regarding non-compliance to the rules. The Authority shall approve the table or any amendment to it before it may be enforced. A Clearing Agency shall notify the Authority immediately upon the imposition of any fees under this Article, in addition to notifying the Authority about the non-compliance incident related to those fees.
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