DISCIPLINARY COMMITTEES OF INQUIRY

Decisions of the Disciplinary Committee

• Respondent found guilty or not guilty;
• If guilty – reprimand/fine to a maximum of R25 000 per contravention;
• A compensatory award of up to 80% of the fine imposed may be awarded to a claimant who suffered pecuniary loss;
• Withdrawal of a Fidelity Fund Certificate.
• Summonses and subpoenas are sent to relevant parties to appear;
• Chairperson and two committee members conduct the proceedings;
• Case presenter/prosecutor present the cases;
• Proceedings are mainly inquisitorial;
• Legal representation is permitted.