Examples of Specified Penalty in a sentence
However, the MSA may make an administrative application to the Commission in instances where a Specified Penalty is not commensurate with the seriousness of the conduct at issue.
The MSA may, prior to commencing an action before the Commission, seek additional Information to confirm intent to pay or to dispute the Specified Penalty, as well as to establish the basis of a potential dispute.
If a Specified Penalty is not paid in accordance with the Notice of Specified Penalty issued by the MSA, then, pursuant to section 52(2) of the AUCA, the MSA will make an application to the Commission.
The MSA will make public any Notice of Specified Penalty issued, in accordance with Commission requirements.
A Notice of Specified Penalty must be sent to a particular individual at the Market Participant, in accordance with AUC Rule 027.