Applicability.

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..... Applicability . 3. (1) These regulations shall be applicable for all or any of the following: a. appointment of Administrator pursuant to failure to comply with disgorgement or refund orders passed b .....

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..... thereto. (2) Unless otherwise specifically ordered, these regulations shall not be applicable to cases where the Securities Appellate Tribunal or a Court has appointed an administrator or any other p .....

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