3.3 Listing & Enforcement proceedings

¹ In the context of a preliminary investigation, Listing & Enforcement will conduct a summary review to establish whether or not sufficient indications exist to conduct a formal investigation.

² If there are sufficient indications of a potential violation of the LR, the Additional Rules or their related implementing ordinances, the Parties Concerned will be notified in writing that an investigation is to be initiated. When the investigation opens, the Party Concerned will be notified of the object of the investigation and informed that the results of the investigation might lead to a proposal for a sanction. No appeal may be lodged against the opening of an investigation.

³ During the investigation, Listing & Enforcement will ascertain the facts of the matter to the extent necessary to justify a sanction notice or a proposal to the Sanction Commission. The latter will be presented to the Parties Concerned so that they can state their position on the matter.