Section 34 Investments and Securities Act 2025

Section 34 of the Investments and Securities Act 2025 is about Review of disciplinary actions taken by 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) The Commission may review any disciplinary action taken by a securities exchange, against its members or participants and may affirm or set aside such decision after giving the member or participant and the securities exchange an opportunity of being heard.

(2) Nothing in this section shall preclude the Commission from suspending, expelling or otherwise imposing or causing disciplinary action to be taken against a member or participant of a securities exchange where such securities exchange fails to act against such member or participant:

Provided that, before exercising the power conferred upon it by this subsection, the Commission shall give the affected member or participant and the securities exchange an opportunity of being heard.