Section 30 Investments and Securities Act 2025

Section 30 of the Investments and Securities Act 2025 is about Responsibilities of a securities exchange. 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 shall —
(a) conduct its business in a fair and transparent manner with due regard to the rights of members or participants and their clients;
(b) ensure compliance with this Act by its members or participants and issuers of securities listed, quoted or admitted on that exchange, report any non-compliance to the Commission and assist the Commission in enforcing the provisions of this Act;

(c) develop and enforce rules, listing requirements and directives as applicable;
(d) inform the Commission of any matter that may pose a systemic risk to the financial markets as soon as it becomes aware of such matter;
(e) notify the Commission as soon as it commences an insolvency proceeding or when such proceeding is commenced against it, or when it has received a notification regarding insolvency proceedings against members or participants; and
(f) do all other things that are necessary for, incidental or conducive to the proper operation of an exchange that are consistent with this Act.

(2) The Commission may, in order to achieve the objectives of this Act, assume responsibility of one or more of the regulatory or supervisory functions referred to in subsection (1);

(3) A securities exchange, shall at the end of every quarter file a detailed report on its surveillance and enforcement activities with the Commission.

(4) Nothing in this section shall preclude the Commission from carrying out inspections or conducting enquiries or audit of any member or participant of a securities exchange.