18. Authority to approve amendments to rules
Feedback & supportWhere an amendment is made, whether by way of rescission, alteration or addition, to the rules of a securities exchange or the listing rules of a securities exchange, the committee of the securities exchange shall forward a written notice thereof to the Authority for approval.
rules
“rules”, in relation to a securities exchange, means the rules governing the conduct of the securities exchange or the members thereof by whatever name called and wherever contained and includes rules contained in the memorandum of association and the articles of association of the securities exchange;
The Authority may give notice in writing to the securities exchange concerned that it approves the amendment or that it disapproves the whole or any specified part of the amendment in question and until such notice is given the amendment shall not have force and effect.
Nothing in this section shall preclude the Authority, after consultation with the Securities Industry Council and a committee of a securities exchange, from amending the rules or the listing rules of an approved securities exchange by written notice specifying the amendments and the dates those amendments shall have force and effect but the Authority may dispense with such consultation if it considers it necessary to do so for the protection of investors.
Securities Industry Council
“Securities Industry Council” means the Securities Industry Council referred to in section 14;
Any notice under this section may be served personally or by post.