Section 27 Investments and Securities Act 2025

Section 27 of the Investments and Securities Act 2025 is about Categories of securities exchanges. It is under Part V (Registration and Regulation of Securities Exchanges, Financial Market Infrastructures and other Self Regulatory Organisations) of the Act. It provides as follows:

(1) A securities exchange may be registered by the Commission as a —
(a) composite securities exchange; or
(b) non-composite securities exchange.

(2) A composite securities exchange shall permit the listing, quotation and trading of all types of securities, commodities or financial products or instruments on its platform and shall perform such functions as may be prescribed by the Commission.

(3) A non-composite securities exchange may be registered by the Commission as —
(a) a mono securities exchange which specialises in the listing, quotation and trading of a particular security, commodity, or financial product or instrument; or
(b) an alternative trading system which provides trading systems that bring together orders from buyers and sellers and could be set in either a physical location or be made available for trading activities on the internet.