Main
>
Legal Framework
>
3.3. Suspending or removing from trading
FINANCIAL SERVICES LEGISLATION
RULES
AUTHORISED MARKET INSTITUTION RULES
Guidance: Purpose and application of AMI
SCHEDULE 1: COMMODITY DERIVATIVE CONTRACT DELIVERY SPECIFICATIONS
SCHEDULE 2: TRADE REPOSITORY
Entire Act

3.3. Suspending or removing from trading

3.3.1. Power to suspend

The rules of an Authorised Investment Exchange must provide that the Authorised Investment Exchange has the power to suspend or remove from trading on its facilities any Securities, Units in a Listed Fund, Commodity Derivatives, or Environmental Instruments which no longer comply with its rules.

3.3.2. Limitation on power to suspend or remove Securities or Units in a Listed Fund from trading

An Authorised Investment Exchange may not suspend or remove from trading on its facilities any Security,  Unit in a Listed Fund, Commodity Derivative, or Environmental Instrument which no longer complies with its rules, where such step would be likely to cause significant damage to the interests of investors or the orderly functioning of the financial markets.

3.3.3. Suspension or removal from trading of associated derivatives

Where the Authorised Investment Exchange suspends or removes any Investment from trading on its facilities, it must also suspend or remove from trading on its facilities any Derivative that relates to or is referenced to that Investment where that is required to support the objectives of the suspension or removal of trading of that Investment

3.3.4. Publication of decision to suspend or remove from trading

Where the Authorised Investment Exchange suspends or removes any Security, Unit in a Listed Fund, Commodity Derivative, or Environmental Instrument from trading on its facilities, including any Derivative in accordance with AMI 3.3.3, it must immediately notify the AFSA and make that decision public.

3.3.5. Publication of decision to lift suspension or re-admit to trading

Where the Authorised Investment Exchange lifts a suspension or re-admits any Security, Unit in a Listed Fund, Commodity Derivative, or Environmental Instrument to trading on its facilities, including any Derivative suspended or removed from trading in accordance with AMI 3.3.3, following a decision made under AMI 3.3.1, it must notify the AFSA and make that decision public.