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In forceAmended2020 Revised Edition
Contents

Part 2 · Organised Markets

33. General obligations

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Amended

Last amended by an amending law of 2017.

(1)

A recognised market operator must —

(a)

as far as is reasonably practicable, ensure that every organised market it operates is a fair, orderly and transparent organised market;

(b)

manage any risks associated with its business and operations prudently;

(c)

in discharging its obligations under this Act, not act contrary to the interests of the public, having particular regard to the interests of the investing public;

(d)

ensure that access for participation in its facilities is subject to criteria that are —

(i)

fair and objective; and

(ii)

designed to ensure the orderly functioning of its organised market and to protect the interests of the investing public;

(e)

maintain business rules and, where appropriate, listing rules that make satisfactory provision for —

(i)

the organised market to be operated in a fair, orderly and transparent manner; and

(ii)

the proper regulation and supervision of its members;

(f)

enforce compliance with its business rules and, where appropriate, its listing rules;

(g)

have sufficient financial, human and system resources —

(i)

to operate a fair, orderly and transparent organised market;

(ii)

to meet contingencies or disasters; and

(iii)

to provide adequate security arrangements;

(h)

maintain governance arrangements that are adequate for its organised market to be operated in a fair, orderly and transparent manner; and

(i)

ensure that it appoints or employs fit and proper persons as its chairperson, chief executive officer, directors and key management officers.

(2)

In subsection (1)(g), “contingencies or disasters” includes technical disruptions occurring within automated systems.

Report

Part 2A

Trade Repositories

Part 3

Clearing Facilities

Part 3A

Approved Holding Companies

Part 4

Holders of Capital Markets Services Licence and Representatives

Part 5

Books, Customer Assets and Audit

Part 6

Conduct of Business

Part 6A

Reporting of Derivatives Contracts

Part 6B

Clearing of Derivatives Contracts

Part 6C

Trading of Derivatives Contracts

Part 7

Disclosure of Interests

Part 7A

Short Selling

Part 8

Securities Industry Council and Take‑Over Offers

Part 9

Supervision and Investigation

Part 10

Assistance to Foreign Regulatory Authorities

Part 11

Investor Compensation Scheme

Part 12

Market Conduct

Part 13

Offers of Investments

Part 13A

Modification of Act for Purposes of Dual Listing Boards

Part 14

Appeals

Part 15

Miscellaneous

Schedules