Behind the rights stand three duties. Failing the standard can cost a member its membership — which is the condition on which self-regulation works at all.
The concept sets three duties: to comply with the rules and standards the SRO establishes; to refrain from actions that damage the SRO or its members; and to pay, on time, the dues approved by the General Meeting.
The second duty carries particular weight. In a self-regulatory organisation, one member’s misconduct damages the reputation of every other member. "Do no damage" is therefore not merely an ethical rule but the mechanism that protects collective trust.
Membership ends in four situations: by decision of the SRO; on the member’s own application; and on liquidation of the legal entity. Membership may also be suspended temporarily where a member breaches Kazakhstani legislation or the SRO’s internal requirements.
Suspension is the most practical instrument of the three. It is not a punishment but time to put things right: the member must remedy the shortcoming and demonstrate a return to compliance. Without such a mechanism a standard remains a declaration.
