>
В В В В
Principle 2 - Independence and accountability. The regulator should be operationally independent and accountable in the exercise of its functions and powers.
В
X
В В В
В· The scope of accountability is limited. p> В· Lack of legal immunity for NSCG staff acting in good faith.
Principle 3 - Adequate power, resources and capacity. The regulator should have adequate powers, proper resources and the capacity to perform its functions and to exercise its powers.
В
X
В В В
Seriously insufficient budget. As the market develops, more revenue from fees can be expected. /Td>
Principle 4 - Clear and consistent regulatory process. The regulator should adopt clear and consistent regulatory processes.
X
В В В В
Principle 5 - Professional standards. The staff of the regulator should observe the highest professional standards, including appropriate standards of confidentiality.
В
X
В В В
Code of ethics awaited, and introduction of a system of independent assessment may be considered.
Principle 6 - Use of Self-Regulatory Organizations (SROs). The regulatory regime should make appropriate use of SROs that exercise some direct oversight responsibility for their respective areas of competence, to the extent appropriate to the size and complexity of the markets.
X
В В В В
Principle 7 - Supervision of Self-Regulatory Organizations (SROs). SROs should be subject to the oversight of the regulator and should observe standards of fairness and confidentiality when exercising powers and delegated responsibilities.
В
X
В В В
No specific oversight program to supervise SROs has been established.
Principle 8 - Adequate inspection, investigation and surveillance powers. The regulator should have comprehensive inspection, investigation and surveillance powers.
В
X
В В В
В· Inspection power over Reporting Companies and their major shareholders is not adequate.
В· Investigation power not adequate.
Principle 9 - Adequate enforcement power. The regulator should have compr...
