Article 130 - Direction to Company to comply with these Regulations

(1) If a Company or any Officer of it fails to comply with:
(A) a provision of these Regulations or any other Regulations giving functions to the CRO; or
(B) a requirement made by the CRO pursuant to any power under any such Regulations
which requires either or both of them to deliver to or file with the CRO any Document or to give notice to it of any matter, the CRO may issue a direction that the Company or any Officer of it or both of them make good the failure within a time specified in that direction. Any person who fails to comply with such direction contravenes these Regulations.
(2) If a Company or any Officer of it fails to comply with a provision of these Regulations, or any other Regulations which requires either or both of them to comply with a lawful requirement in relation to another person, the CRO may issue a direction that the Company or any Officer of it or both of them make good the failure within a time specified in that direction. Any person who fails to comply with such direction contravenes these Regulations.
(3) If the CRO considers that the Company or any Officer of it has failed to comply with a direction, it may apply to the Regulatory Tribunal for one or more of the following orders:
(A) an order directing the Company or Officer to comply with the direction or with any provision of the Regulations or any other Regulations giving functions to the CRO relevant to the issue of the direction;
(B) an order directing the Company or Officer to pay any costs incurred by the CRO or other person relating to the issue of the direction by the CRO or the breach of these Regulations or such other Regulations relevant to the issue of the direction; or
(C) any other order that the Regulatory Tribunal considers appropriate.
(4) Nothing in this Article 130 shall prejudice the operation of any Article of these or any other Regulations providing for the imposition of financial penalties on a Company or any Officer in respect of a failure mentioned above, nor any powers that the CRO or other person or the Regulatory Tribunal may have under any other provision of these Regulations or any other Regulations.
Amended by QFCA RM2012-1 (as from 11th April 2012)