Custom print

MIE-3.6.6

Past version: Effective from 11 Nov 2010 to 30 Jun 2021
To view other versions open the versions tab on the right

As an SRO, the licensed exchanges, clearing houses and depositories are required to:

a) Actively perform market surveillance as a front-line regulator;
b) Take disciplinary action for contraventions by members and listed companies/issuers through the SRO's Disciplinary Action Committee;
c) Identify potential cases of unlawful transactions and take preventative actions;
d) Report suspected cases of market abuse and manipulation to the CBB;
e) Implement enforcement actions determined by the CBB.

When an SRO contravenes the provisions of the CBB Law, rules and regulations, as CBB licensees, the enforcement action applicable to all other capital market service providers of the CBB will also be applicable to the licensed exchanges, clearing houses and central depositories. In addition to these enforcement actions, these market infrastructure institutions will be subject to other enforcement actions stated in the Markets & Exchanges Module and the Clearing, Settlement & Central Depository Module. Such enforcement measures include:

a) Cancellation or amendment of license;
b) Directives under emergency situations;
c) Removal of officers from his office or employment.