Document ID: chunk:federal_register_of_legislation:C2004A03231:schedule:1:p13
Version: federal_register_of_legislation:C2004A03231
Segment Type: schedule
Provision Reference: sch 1 (pt 13/23)
Character Range: 252231–255057

the instrument.".

Securities exchanges to provide assistance to Commission
186. Section 41 of the Principal Act is amended—
     (a) by omitting from sub-section (3) "of a stock market of a stock exchange" and substituting "or trading floors of a securities exchange";

     (b) by omitting from sub-section (4) "the trading floor of a stock market of a stock exchange" and substituting "a trading floor of a securities exchange"; and
     (c) by omitting sub-section (5) and substituting the following sub-section:
    "(5) In this section, 'trading floor', in relation to a securities exchange, means a place or facility maintained or provided by the securities exchange for—
         (a) the making or acceptance, by members of the securities exchange, or by such members and other persons, of offers to sell, purchase or exchange securities;
         (b) the making, by members of the securities exchange, or by such members and other persons, of offers or invitations that are intended, or may reasonably be expected, to result, whether directly or indirectly, in the making or acceptance of offers to sell, purchase or exchange securities; or
         (c) the provision of information concerning the prices at which, or the consideration for which, particular persons, or particular classes of persons, propose, or may reasonably be expected, to sell, purchase or exchange securities.".

Power of Court to order observance or enforcement of business rules or listing rules of securities exchange
187. Section 42 of the Principal Act is amended by omitting sub-section (2) and substituting the following sub-section:
"(2) For the purposes of sub-section (1), a person (in this sub-section referred to as the 'relevant person'), being—
     (a) a body corporate that has, with its agreement, consent or acquiescence, been admitted to the official list of a securities exchange and has not been removed from that official list; or
     (b) a person associated with a body corporate that has, with its agreement, consent or acquiescence, been admitted to the official list of a securities exchange and has not been removed from that official list,
shall be deemed to be under an obligation to comply with, observe and give effect to the listing rules of that securities exchange to the extent to which those rules purport to apply in relation to the relevant person.".

188. After section 42 of the Principal Act the following section is inserted:

Certain laws not applicable to option contracts to which this Act applies
"42a. For the purposes of any law, an option contract to which this Act applies is not a contract by way of gaming or wagering if it was entered into on a stock market of a securities exchange or on an exempt stock market.".

Further provisions relating to revocation and suspension of licences
189.