Section 19

A securities exchange shall provide such assistance to the Authority as it reasonably requires for the performance of its functions and duties, including the furnishing of such returns and providing such information relating to its business or in respect of such dealing in securities or any other specified information as the Authority may require for the proper administration of this Act.

Where a securities exchange reprimands, fines, suspends, expels or otherwise takes disciplinary action against a member of the securities exchange, it shall, within 7 days, give to the Authority in writing particulars of the name of the member, the reason for and nature of the action taken, the amount of the fine, if any, and the period of the suspension, if any.

The Authority may review any disciplinary action taken by a securities exchange under subsection (2) and may affirm or set aside a securities exchange decision after giving the member and the securities exchange an opportunity to be heard.

Nothing in this section shall preclude the Authority in any case where a securities exchange fails to act against a member from itself, suspending, expelling or otherwise disciplining a member of the exchange but before doing so the Authority shall give the member and the securities exchange an opportunity to be heard.

Any person who is aggrieved by the decision of a securities exchange or the Authority under this section may, within one month after he is notified of the decision, appeal to the Minister whose decision shall be final.