Section 43 Investments and Securities Act 2025

Section 43 of the Investments and Securities Act 2025 is about Protection of investors in a financial market infrastructure. 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, in the interest of the public and for the protection of investors or counterparts, by notice in writing —
(a) withdraw or revoke the approval granted to a financial market infrastructure with effect from the date specified in the notice; or
(b) direct the financial market infrastructure to cease to operate or provide such services with effect from the date specified in the notice.

(2) Notwithstanding the withdrawal of approval or the issuance of a directive under subsection (1), the Commission may permit the financial market
infrastructure to carry on such activities affected by the revocation as the Commission may specify in the notice published under that subsection for the purpose of —
(a) winding down the operations of the financial market infrastructure or ceasing to provide the services specified in the notice; or
(b) ceasing to provide the services specified in the notice.

(3) The Commission shall not take any action specified under subsection (1) without giving the entity concerned an opportunity to be heard.

(4) Any withdrawal of approval or directive issued by the Commission under subsection (1) shall not operate to —
(a) avoid or affect any agreement, transaction or arrangement entered into through the financial market infrastructure whether such agreement, transaction or arrangement was entered into before, or after the withdrawal of the approval or issuance of the directive; or
(b) affect any right, obligation or liability arising under such agreement, transaction or arrangement.

(5) The Commission shall publish the notice of revocation on its website and any other medium as it deems fit.