[Code of Federal Regulations]
[Title 17, Volume 1]
[Revised as of April 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR8.11]

[Page 216]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 8_EXCHANGE PROCEDURES FOR DISCIPLINARY, SUMMARY, AND MEMBERSHIP DENIAL 
 
                    Subpart B_Disciplinary Procedure
 
Sec.  8.11  Notice of charges.

    The notice of charges shall:
    (a) State the acts, practices, or conduct in which the person is 
alleged to have engaged;
    (b) State the rule alleged to have been violated (or about to be 
violated);
    (c) State the predetermined penalty, if any;
    (d) Prescribe the period within which a hearing on the charges may 
be requested;
    (e) Advise the person charged that:
    (1) He is entitled, upon request, to a hearing on the charges;
    (2) If the rules of the exchange so provide, failure to request a 
hearing within the period prescribed in the notice, except for good 
cause, shall be deemed a waiver of the right to a hearing; and
    (3) If the rules of the exchange so provide, failure in an answer to 
deny expressly a charge shall be deemed to be an admission of such 
charge.

(Approved by the Office of Management and Budget under control number 
3038-0022)

[43 FR 41950, Sept. 19, 1978, as amended at 46 FR 63036, Dec. 30, 1981]