Article 45 - Misconduct
Regulatory Authority may take action against any Person under this Article if:
(A) it appears to the
Regulatory Authority that the Person is guilty of misconduct; and
Regulatory Authority is satisfied that it is appropriate to take action against him.
Person is guilty of misconduct if:
(A) he performs any function in contravention of a prohibition order issued by the
Regulatory Authority under Article 62;
(B) whilst a
Approved Individual, he breaches any Rules issued by the Regulatory Authority detailing matters set out under Article 41(3)(B) and (C); or
Person has been knowingly, recklessly or negligently involved in a Contravention of any Law, Regulations or Rules by an Authorised Firm or in a Contravention of any requirement imposed on an Authorised Firm by the Regulatory Authority.
|Amended by QFC Reg 2010-2 (as from 9th December 2010)|