(1) A securities exchange must:

(a)

to the extent reasonably practicable, do all things that are necessary to ensure that each stock market of the exchange is an orderly and fair market; and

(b)

have adequate arrangements for monitoring and enforcing compliance with its business rules and listing rules; and

(c)

have adequate arrangements for the expulsion, suspension or disciplining of a member for conduct inconsistent with just and equitable principles in the transaction of business or for a contravention of:

(i)

the exchange's business rules; or

(ii)

this Chapter; or

(iii)

the conditions of a licence held by the member; and

(d)

have adequate arrangements for the settlement of transactions that result from trading in securities on a stock market of the exchange; and

(e)

have adequate arrangements for investigating complaints by investors relating to the transaction of the business of investors on a stock market of the exchange.

(2) A contravention of subsection (1) is not an offence.