(1) Where a dispute involving a transaction in securities arises between members of a self regulatory organisation, such dispute shall be referred to the board of the organisation and the board shall investigate the dispute and shall make such order for the resolution of the dispute as it thinks fit.
(2) It is the duty of each of the parties to the dispute to inform the Commission in writing of the existence of the dispute and to deliver or cause to be delivered to the other party to the dispute, within 24 hours of such notice to the Commission, a copy of the notice given to the Commission of the dispute.
(3) Where a member is aggrieved by the decision of the board under subsection (1) the member may, within 14 days of the receipt of such decision, appeal to the Commission.
(4) Where the Commission adjudicates in a matter referred to it under subsection (3), the decision of the Commission shall be final.
(5) The Commission may, by any adjudication under this section, order the payment by any party to the dispute of any sum of money, including a sum to cover costs, as the justice of the case may in the opinion of the Commission require.