CCH Note:
Part 13 of the
Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW
82
The Corporations Law is as follows:...
CHAPTER 7 - SECURITIES
PART 7.2 - SECURITIES EXCHANGES AND STOCK MARKETS
History
Heading amended by No 104 of 1994, Sch 8 (effective 1 January
1995).
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.
History
S 769A(1) inserted by No 199 of 1997, Sch 1 (effective 16 December 1997).
769A(2)
[Contravention not an offence]
A contravention of subsection
(1) is not an offence.
History
S 769A(2) inserted by No 199 of 1997, Sch 1 (effective 16 December 1997).