(1) The Disciplinary Committee shall hear and determine disciplinary proceedings against a licensee referred to it by the Commission under section 136A.
(2) The Disciplinary Committee may, where it is satisfied, after due inquiry that a licensee is in contravention of any provision of this Act or any Regulations made under this Act, exercise in relation to that licensee any one or more of the following sanctions as it deems appropriate in the circumstances:
(a) issue a private warning or reprimand;
(b) issue a notice of public censure;
(c) issue an order requiring the licensee to cease and desist from the activity or non-activity causing the licensee to be in contravention; or
(d) issue and order debarring the licensee from carrying on securities business whilst the contravention subsists.
(3) The procedure and related matters concerning the exercise of the jurisdiction of the Disciplinary Committee shall be as prescribed.
(Inserted by Act 12 of 2007)