Clause 21

by deleting subsections (1), (2) and (3) and substituting the following subsections:“(1) The securities or securities-based derivatives contracts of an approved clearing house must not be listed for quotation on an organised market that is operated by any of its related corporations, unless the approved clearing house and the operator of the organised market have entered into such arrangements as the Authority may require —

for dealing with possible conflicts of interest that may arise from such listing; and

for the purpose of ensuring the integrity of the trading of the securities or securities‑based derivatives contracts (as the case may be) of the approved clearing house.(2) Where the securities or securities‑based derivatives contracts of an approved clearing house are listed for quotation on an organised market operated by any of its related corporations, the Authority may act in place of the operator of the organised market in making decisions and taking action, or require the operator of the organised market to make decisions and to take action on behalf of the Authority, on —

the admission of the approved clearing house to, or the removal of the approved clearing house from, the official list of the organised market; and

the granting of approval for the securities or securities‑based derivatives contracts (as the case may be) of the approved clearing house to be, or the stopping or suspending of the securities or securities‑based derivatives contracts (as the case may be) of the approved clearing house from being, listed for quotation or quoted on the organised market.(3) The Authority may, by notice in writing to the operator of the organised market —

modify the listing rules of the organised market for the purpose of their application to the listing for quotation or trading of the securities or securities‑based derivatives contracts of the approved clearing house; or

waive the application of any listing rule of the organised market to the approved clearing house.”; and

by deleting the words “securities market” in the section heading and substituting the words “organised market”.