Clause 334

Where the Authority is satisfied that a relevant person is guilty of misconduct, the Authority may, if it thinks it necessary in the interest of the public, or a section of the public or for the protection of investors, reprimand the relevant person.

In this section —

“misconduct” means the contravention of any provision of this Act, any condition or restriction imposed under this Act, any notice, direction, code, guideline, policy statement or practice note issued under section 321, any business or listing rules of a securities exchange, or any business rules of a futures exchange or clearing house, or, in the case of an officer, the failure to discharge any duty or function of his office;

“relevant person” means an exchange holding company, a securities exchange, a futures exchange, a recognised trading system provider, a person granted an exemption under section 5(3) or 6(3), a person operating an exempt market, a clearing house, a person operating an exempt clearing facility, a holder of a capital markets services licence, an exempt person, an approved trustee for a collective investment scheme as defined in section 289, or any employee, officer or representative thereof.