yourstate.us
17 CFR 201.155

§ 201.155 Default; motion to set aside default.

United States · 17 CFR — Commodity and Securities Exchanges · Status: effective

Get this as JSONEmbed this
Cite this
Citation
17 CFR 201.155, § 201.155 Default; motion to set aside default, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/68068
Permanent ID
ys:prov:68068@1
SHA-256
a6ef03e58c792c090143a888add430cc58f272d9e3c932aa805bd9b62ad09f30

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

(a) A party to a proceeding may be deemed to be in default and the Commission or the hearing officer may determine the proceeding against that party upon consideration of the record, including the order instituting proceedings, the allegations of which may be deemed to be true, if that party fails: (1) To appear, in person or through a representative, at a hearing or conference of which that party has been notified; (2) To answer, to respond to a dispositive motion within the time provided, or otherwise to defend the proceeding; or (3) To cure a deficient filing within the time specified by the commission or the hearing officer pursuant to § 201.180(b). (b) A motion to set aside a default shall be made within a reasonable time, state the reasons for the failure to appear or defend, and specify the nature of the proposed defense in the proceeding. In order to prevent injustice and on such conditions as may be appropriate, the hearing officer, at any time prior to the filing of the initial decision, or the Commission, at any time, may for good cause shown set aside a default.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.