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Formal Consolidation |  1993 RevEd
Review of Commodity Futures Exchanges’ disciplinary action
39.—(1)  Where a Commodity Futures Exchange reprimands, fines, suspends, expels or otherwise takes disciplinary action against a member of the Exchange, it shall forthwith inform the Board in writing of the name of the member, the reason for, and nature of, the action taken, the amount of any fine and the period of any suspension.
(2)  The Board may review any disciplinary action taken by a Commodity Futures Exchange under subsection (1) and may affirm, modify or set aside the decision of the Exchange after giving the member and the Exchange an opportunity to be heard.
(3)  Nothing in this section shall preclude the Board, in any case where a Commodity Futures Exchange fails to act against a member, from itself suspending, expelling or otherwise disciplining a member of the Exchange, but before so doing the Board shall give the member and the Exchange an opportunity to be heard.
(4)  Any person who is aggrieved by the decision of the Exchange or the Board under this section may, within one month after he is notified of the decision, appeal to the Minister whose decision shall be final.
Informal Consolidation | Amended Act 35 of 2007
39.  [Repealed by Act 35 of 2007 wef 27/02/2008]