Article 61 - Undertakings

(1) The Regulatory Authority may accept from any Person a legally enforceable undertaking, including an undertaking to do, or not to do, something.
(2) The Person may withdraw or vary the undertaking at any time, but only with the consent of the Regulatory Authority.
(3) If the Regulatory Authority is satisfied that the Person who gave the undertaking has been in breach of any of its terms, it may apply to the Tribunal for an order directing the Person to comply with the relevant terms of the undertaking or any other order that the Tribunal considers appropriate.
Amended by QFC Reg 2010-2 (as from 9th December 2010)