Regulations last checked for updates: May 14, 2024

Title 17 - Commodity and Securities Exchanges last revised: May 01, 2024
§ 10.94 - Setting aside of default.

In order to prevent injustice and on such conditions as may be appropriate, (a) the Commission may at any time set aside a default order obtained under § 10.93; and (b) the Administrative Law Judge may set aside a default order obtained under § 10.93 at any time prior to filing of his initial decision in a proceeding in which there are remaining respondents. Any motion to set aside a default shall be made within a reasonable time, and shall state the reasons for the failure to file or appear and specify the nature of the proposed defense in the proceeding.

authority: Pub. L. 93-463, sec. 101(a)(11), 88 Stat. 1391; 7 U.S.C. 2(a)(12)
source: 41 FR 2511, Jan. 16, 1976, unless otherwise noted.
cite as: 17 CFR 10.94