Singapore legislation
Clause 18
Clause 18
Power of court to order observance or enforcement of business rules or listing rules
(1)
Where any person who is under an obligation to comply with, observe, enforce or give effect to the business rules of a securities exchange or futures exchange, or the listing rules of a securities exchange, fails to comply with, observe, enforce or give effect to any of those business rules or listing rules, the High Court may, on the application of the Authority, a securities exchange, a futures exchange or a person aggrieved by the failure, and after giving to the person against whom the order is sought an opportunity to be heard, make an order directing that person to comply with, observe, enforce or give effect to those business rules or listing rules.
(2)
Subsection (1) shall apply to a person being —
a corporation that has been admitted to the official list of a securities exchange and has not been removed from that official list; or
a person associated with a corporation that has been admitted to the official list of a securities exchange and has not been removed from that official list,to the extent to which the business rules or listing rules purport to apply to him.
(3)
For the purposes of this section, “person” includes a securities exchange and a futures exchange.
(4)
This section is in addition to and not in derogation of any other remedies available to the aggrieved person referred to in subsection (1).