THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.2 - SECURITIES EXCHANGES AND STOCK MARKETS

SECTION 769A   ONGOING REQUIREMENTS TO BE OBSERVED BY SECURITIES EXCHANGE  

769A(1)  [What a securities exchange must do]  

A securities exchange must:

(a)  to the extent reasonably practicable, do all things that are necessary to ensure that each stock market of the exchange is an orderly and fair market; and

(b)  have adequate arrangements for monitoring and enforcing compliance with its business rules and listing rules; and

(c)  have adequate arrangements for the expulsion, suspension or disciplining of a member for conduct inconsistent with just and equitable principles in the transaction of business or for a contravention of:

(i) the exchange's business rules; or

(ii) this Chapter; or

(iii) the conditions of a licence held by the member; and

(d)  have adequate arrangements for the settlement of transactions that result from trading in securities on a stock market of the exchange; and

(e)  have adequate arrangements for investigating complaints by investors relating to the transaction of the business of investors on a stock market of the exchange.

769A(2)  [Contravention not an offence]  

A contravention of subsection (1) is not an offence.