11.9.8 Decision of Appeals Committee

(1) [deleted]
(2) The Appeals Committee shall provide written grounds of its decision, which shall include any sanctions imposed against the Clearing Member, within a reasonable period after the conclusion of the hearing.
(3) The Appeals Committee shall cause its written grounds of decision to be published, unless the sanction imposed involves the issuance of a private reprimand. Where a private reprimand is issued by the Appeals Committee, the Appeals Committee shall determine whether the written grounds of decision are to be published in part or in whole.
(4) Each Clearing Member irrevocably consents to the publication of the Appeals Committee's written grounds of decision pursuant to Rule 11.9.8. The consent will remain valid and effective notwithstanding that the Clearing Member ceases to be a Clearing Member. A Clearing Member cannot initiate any action or proceeding against CDP or the Appeals Committee for such publication.

Amended on 3 June 20193 June 2019.