RPP 6-5-4

Factors relating to the nature of a contravention by a firm include:

(a) the nature of the Laws or Rules contravened;
(b) the frequency of the contravention;
(c) whether the contravention revealed serious or systemic weaknesses in the firm's procedures or in the management systems or internal controls relating to all or part of the firm's business;
(d) whether the firm's senior management were aware of the contravention;
(e) the nature and extent of any financial crime facilitated, occasioned or otherwise attributable to the contravention;
(f) the scope for any potential financial crime to be facilitated, occasioned or otherwise occur as a result of the contravention;
(g) whether the firm failed to conduct its business with integrity; and
(h) whether the firm, in committing the contravention, took any steps to comply with Laws and Rules, and the adequacy of those steps.
Derived from Notice of Updates (Made 20th December 2012). December 2012 Edition
Amended (Made 21st August 2014). August 2014 Edition