Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) An FMI banning order made against an individual may specify that the individual is prohibited from doing one or more of the following:
(a) controlling, whether alone or in concert with one or more other entities, an FMI licensee;
(b) performing any functions of a core officer of an FMI licensee;
(c) performing specified functions of a core officer of an FMI licensee.
(2) An FMI banning order may specify that a particular prohibition specified in the order applies against the individual:
(a) for a specified period; or
(b) permanently.
Note: This subsection applies separately to each prohibition specified in the order.
(3) A FMI banning order may include a provision allowing the individual against whom it was made, subject to any specified conditions:
(a) to do specified acts; or
(b) to do specified acts in specified circumstances;
that the order would otherwise prohibit them from doing.