CFR > Title 17 - Commodity and Securities Exchanges > CHAPTER I—COMMODITY FUTURES TRADING COMMISSION > PART 8—EXCHANGE PROCEDURES FOR DISCIPLINARY, SUMMARY, AND MEMBERSHIP DENIAL ACTIONS > SUBPART B—Disciplinary Procedure (§8.05 to §8.20) > 8.11—Notice of charges.

8.11—Notice of charges.

The notice of charges shall:
(a) State the acts, practices, or conduct in which the person is alleged to have engaged;
(b) State the rule alleged to have been violated (or about to be violated);
(c) State the predetermined penalty, if any;
(d) Prescribe the period within which a hearing on the charges may be requested;
(e) Advise the person charged that:
(1) He is entitled, upon request, to a hearing on the charges;
(2) If the rules of the exchange so provide, failure to request a hearing within the period prescribed in the notice, except for good cause, shall be deemed a waiver of the right to a hearing; and
(3) If the rules of the exchange so provide, failure in an answer to deny expressly a charge shall be deemed to be an admission of such charge.
(Approved by the Office of Management and Budget under control number 3038-0022)

Code of Federal Regulations

[43 FR 41950, Sept. 19, 1978, as amended at 46 FR 63036, Dec. 30, 1981]