Section 7Part 0 —
Additional powers of the Exchange
←→ Navigate · Click subsection badges to collapse · Press ? for help
In furtherance of the purposes specified in section 6, the Exchange shall have the following powers and rights (in addition to and without prejudice to any powers conferred by this Law or the Companies Law (2013 Revision)) —
to pay, satisfy or compromise any claims made against the Exchange or any one or more Exchange members which, in the opinion of the Council acting on the advice of the Authority, it may be deemed expedient to pay, satisfy or compromise, and to make gratuitous payments to or on behalf of one or more Exchange members which it may be deemed expedient to pay, satisfy or compromise;
to consider all questions connected with the business of the Exchange and to collect and circulate statistics and other information relating to any securities market established and operated by the Exchange and the securities listed on the Exchange; and the proprietary rights in respect of such statistics and other information shall be vested exclusively in the Exchange;
to make arrangements for the clearance of sales and purchases of securities, for the guarantee and fulfilment of contracts, agreements and undertakings relating to the trading of securities, and for the delivery of the securities so traded, with such parties as the Exchange may deem appropriate;
from time to time, to set such charges, levies, commissions and fees to be payable by the Exchange members, issuers of listed securities and other users of the services and facilities provided by the Exchange as the Council shall think fit; and
to make and amend, from time to time, rules in accordance with section 11.
Cross References
- Section 6 of Stock Exchange Company Actexternal
purposes specified in section 6
- Section of Companies Law
Companies Law (2013 Revision)
- Section 11 of Stock Exchange Company Actexternal
rules in accordance with section 11