§ 330.55. Basis for removal from participation.
101 words·~1 min read·
/us/cfr/t24/s§ 330.55·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A participant may be removed from the Multiclass Securities program if the Association, in its discretion, determines that any of the following exists or has occurred:
(a)The participant, at any time, fails to meet any condition for eligibility;
(b)The participant fails to comply with any provision of the Multiclass Guide or this part;
(c)The participant is unable or fails to truthfully, correctly or fully submit such certifications as are required; and
(d)Such further reasons as the Association determines necessary to protect the safety and soundness of the Multiclass Securities program, as set out in the Multiclass Guide.