[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: 17CFR8.13]

[Page 216]
 
              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.  8.13  Answer to charges.

    The respondent shall be given a reasonable period of time to file an 
answer to the charges. The rules of an exchange may provide that:
    (a) The answer must be in writing and include a statement that the 
respondent admits, denies or does not have and is unable to obtain 
sufficient information to admit or deny each allegation. A statement of 
a lack of sufficient information shall have the effect of a denial of an 
allegation.
    (b) Failure to file an answer on a timely basis shall be deemed an 
admission of all allegations contained in the notice of charges.
    (c) Failure in an answer to deny expressly a charge shall be deemed 
to be an admission of such charge.