328 Required matters for market rules

(1)

Market rules for a financial product market for trading equity securities, debt securities, or managed investment products must include listing rules and business rules (by whatever name called and however they are imposed).

(2)

Market rules for a financial product market for trading derivatives must include business rules (by whatever name called and however they are imposed).

(3)

Listing rules must include rules that—

(a)

relate to the approval of persons for the purpose of enabling financial products issued by those persons to be traded on the market; and

(b)

require those persons to be party to a listing agreement with the licensed market operator and that relate to the entry into, and revocation of, listing agreements; and

(c)

relate to the governance of those persons; and

(d)

relate to the conduct or activities of those persons in relation to that market or to financial products traded on that market; and

(e)

relate to the monitoring and enforcement of those rules.

(4)

Business rules must include rules that—

(a)

relate to the authorisation of persons to undertake trading activities on, or otherwise participate in, the market; and

(b)

relate to the conduct or activities of those persons in relation to the market; and

(c)

govern the conduct of business on the market; and

(d)

relate to the monitoring and enforcement of those rules.

Compare: 1988 No 234 s 36H