Section 11Part 0 —
Rules of the Exchange
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In consultation with the Authority and subject to section 12, the Exchange shall make rules which provide for —
the types or classes of transactions which may be effected through the facilities of the Exchange;
the form and manner of execution of transactions effected through the facilities of the Exchange, and other trading requirements;
the entry into and termination of membership, and the disciplining by means of censure, fine, suspension or otherwise, and regulation generally of the conduct of Exchange members;
the financial, record-keeping, capital adequacy and accounting requirements of Exchange members;
the requirements for listing securities to any one or more securities markets established and operated by the Exchange;
the suspension of trading in, and de-listing of, any security listed on any one or more securities markets established and operated by the Exchange;
confidentiality with respect to information relating to the affairs of the Exchange and of any Exchange member in connection with the business of the Exchange; and
the arbitration of disputes arising out of or in connection with the establishment and operation of any one or more securities markets.
In consultation with the Authority and subject to section 12, the Exchange may make such other rules as it considers necessary or desirable for the proper and efficient regulation, management and control of the Exchange and any one or more securities markets established and operated by the Exchange.
The trading of securities through the facilities of the Exchange may commence only after all such rules as are required by subsection (1) have been made.
The power conferred on the Exchange to make rules includes the power to amend or rescind a rule without consequent liability.
Cross References
- Section 12 of Stock Exchange Company Actexternal
subject to section 12