Clause 5

Where an amendment is made by way of rescission, substitution, alteration or addition to the business rules of a Futures Exchange or clearing house, the Futures Exchange or clearing house, as the case may be, shall forthwith forward written notice thereof to the Authority giving the text of the amendment, the date on which it was made and an explanation of the purpose of the amendment.

If the notice required to be given under subsection (1) is not given within 10 days after the making of the amendment, that amendment shall cease to have force and effect.

The Authority may, within 28 days after the receipt of a notice under subsection (1), disallow, by notice in writing to an Exchange or clearing house, as the case may be, the whole or a specified part of the amendment in question and, thereupon, such whole or any specified part of the amendment, as the case may be, shall cease to have force and effect.

In addition to the power conferred upon the Authority under subsection (3), the Authority may of its own motion, by notice in writing to an Exchange or clearing house, alter or supplement the business rules of that Exchange or clearing house, or alter or supplement the terms and conditions of any futures contract traded on that Exchange, if it considers such action is necessary for the protection of traders or to ensure fair dealing in a futures market.