Regulation 18

For the purposes of section 23(2) of the Act, an approved exchange that proposes to amend its business rules or listing rules must, before making the amendment, notify the Authority of —

The approved exchange must, before notifying the Authority of the proposed amendment under paragraph (1), consult the participants of the approved exchange on the proposed amendment, unless the proposed amendment would have limited impact on those participants.

Subject to paragraph (4), the date mentioned in paragraph (1)(c) must be at least 21 days after the date on which the Authority receives the notification mentioned in paragraph (1).

The Authority may, on its own initiative or on the application of the approved exchange, by giving written notice to the approved exchange, allow an amendment to come into force less than 21 days after the date on which the Authority receives the notification mentioned in paragraph (1).

The Authority may, on its own initiative, by giving written notice to the approved exchange, require an amendment to come into force on a date later than the date mentioned in paragraph (1)(c).

The Authority may, by giving written notice to the approved exchange, disallow, alter or supplement the whole or any part of the proposed amendment mentioned in paragraph (1)(a).

The Authority must give the written notice mentioned in paragraph (6) to the approved exchange —

If the Authority disallows, alters or supplements under paragraph (6) the whole or any part of the proposed amendment mentioned in paragraph (1)(a), that whole or part (as the case may be) of that proposed amendment —