[Code of Federal Regulations]
[Title 17, Volume 1]
[Revised as of April 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR8.10]

[Page 215]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 8_EXCHANGE PROCEDURES FOR DISCIPLINARY, SUMMARY, AND MEMBERSHIP 
DENIAL ACTIONS--Table of Contents
 
                    Subpart B_Disciplinary Procedure
 
Sec.  8.10  Predetermined penalties.

    An exchange may adopt rules which set specific maximum penalties for 
particular violations. If the rules of an exchange establish 
predetermined penalties, the disciplinary committee shall have 
discretion in each case whether to employ the predetermined penalty. If 
the predetermined penalty is employed, it shall be stated in the notice 
of charges. In such case, after a hearing on a denied charge where a 
respondent is found to have committed the violation charged, the 
disciplinary committee shall impose the predetermined penalty or an 
appropriate lesser penalty.