Section 232 Investments and Securities Act

Section 232 of the Investments and Securities Act 2025 is about Oversight function on commodities exchanges. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows:

Nothing in this section shall preclude the Commission from taking disciplinary action against a license holder, where a commodities exchange fails to sanction a license holder:

Provided that, before taking such action, the Commission shall give the license holder and the commodities exchange an opportunity of being heard.