If any dispute concerning the business if the stockbrokers arises:
(i) Among stockbrokers.
(ii) Between stockbrokers and third parties, it shall be referred to the board for arbitration.
For purposes of arbitration of disputes referred to it the Board shall appoint any three (3) of its members to constitute an "Arbitration Committee" which will hear all the facts relating to the dispute and deliver its considered decision on the matter.
The Arbitration Committee may hear any person as a witness in its proceedings.
Any Stockbroker or party not satisfied with the decision of the Arbitration Committee shall appeal to the full council not later than fourteen (14) days from the date of the decision.
Decision of Council
The full Council shall hear the appeal and deliver its considered decision which shall be final.
Any alleged breach of the rules herein by a broker shall be dealt with in a like manner as the resolution of disputes and the Stockbroker affected shall be notified of the charges facing him in writing riot later than seven (7) days before the hearing of his case and shall be given the opportunity of presenting his case before the arbitration tribunal or the council before they make their decisions.
Any notice required to be served herein shall be in writing and shall be sufficiently served on the Stockbroker if left addressed to him on his business premises or forwarded to him by registered post or left as his last known address in the Republic and a notice by post shall be deemed to be given five (5) days after the date of posting thereof.