S.L. 330.7 ст. 17Appeal from a compliance order.

(1) A person against whom a compliance order has been made, may, within fifteen days from receipt of notification of the compliance order, appeal in writing to the Financial Services Tribunal for the revocation or amendment of the compliance order, giving detailed grounds for the request. Such appeal may be made only on the following grounds:

(a) the competent authority has, in its decision wrongly applied any of the provisions of the Act; or

(b) the decision of the competent authority constitutes an abuse of discretion or is manifestly unfair.

(2) The Financial Services Tribunal may confirm, change or cancel the compliance order on any terms or conditions it considers appropriate.

(3) Where an appeal is instituted under subregulation (1), the compliance order shall remain in force unless the Financial Services Tribunal specifically orders that the compliance order shall be stayed pending the outcome of the appeal, subject to such conditions and amendments as it may determine. In any such instance, the competent authority may request the Financial Services Tribunal to make an interim compliance order, ordering that the compliance order shall, subject to such modifications as the competent authority may suggest, continue in force pending the final determination of the case instituted in accordance with subregulation (1). An interim compliance order shall expire upon the final determination of the case.

(4) Subject to this regulation, the provisions of article 21 of the Act shall govern appeals to the Tribunal.