• ICR 6 ICR 6 Miscellaneous

    • ICR 6.1 ICR 6.1 Registers and Records

      • ICR 6.1.1

        Subject to any specific requirement of the Investment Clubs Regulations, any register or record that an Investment Club is required to keep or maintain by operation of the Investment Clubs Regulations or these rules, must be kept at the registered office of the Investment Club or at such other place determined by the directors.

      • ICR 6.1.2

        A decision of the directors to keep any register or record referred to in Rule 6.1.1 at a place other than the registered office of the Investment Club must only be made by the directors at a directors' meeting and minutes must be kept of the decision, including the decision as to the place at which the registers or records must be maintained.

    • ICR 6.2 ICR 6.2 Objection to Notice of Financial Penalty

      • ICR 6.2.1

        To object to the imposition of a financial penalty in accordance with of the Regulations, a person must file with the CRO within the period stated in the notice of imposition of financial penalty a notice of objection which sets out the following information:

        (A) The name of the person to whom the notice of imposition of financial penalty was addressed;
        (B) the date of the notice of imposition of financial penalty;
        (C) the period within which objection to the imposition of financial penalty must be made; and
        (D) every matter which the person believes ought to be taken into account by the CRO in determining whether to commence proceedings in the Tribunal for payment of financial penalty.