THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.2 - SECURITIES EXCHANGES AND STOCK MARKETS

SECTION 776   SECURITIES EXCHANGES TO PROVIDE ASSISTANCE TO COMMISSION  

776(1)  [Securities exchange to assist Commission]  

A securities exchange shall provide such assistance to the Commission, or to a person acting on behalf of, or with the authority of, the Commission, as the Commission reasonably requires for the performance of its functions.

776(2)  [Securities exchange to lodge particulars of disciplinary action]  

Where a securities exchange reprimands, fines, suspends, expels or otherwise takes disciplinary action against a member of the securities exchange, it shall as soon as practicable lodge written particulars of the name of the member, the reason for and nature of the action taken, the amount of the fine (if any) and the period of the suspension (if any).

776(2A)  [Exchange to lodge particulars of contravention]  

A securities exchange that believes a person has committed, is committing or is about to commit, a serious contravention of the securities exchange's business rules or listing rules, or the Corporations Law of this or any other jurisidiction, must, as soon as practicable, lodge a statement setting out:

(a)  particulars of the contravention that it believes the person has committed, is committing or is about to commit; and

(b)  its reasons for that belief.

776(2B)  [Exchange to give information to Commission]  

Subject to subsection (2C), a securities exchange that makes information about a listed disclosing entity available to a stock market conducted by the securities exchange must, as soon as practicable, give the Commission a document that contains the information.

776(2C)  [Specified information not to be disclosed]  

The regulations may provide that subsection (2B) does not apply to information of a specified kind.

776(3)  [Commission entitled to access to trading floor]  

A person authorised by the Commission is entitled at all reasonable times to full and free access for any of the purposes of this Chapter to the trading floor or trading floors of a securities exchange.

776(4)  [Commission not to be denied access to trading floor]  

A person shall not refuse or fail, without lawful excuse, to allow a person authorised by the Commission access in accordance with subsection (3) to a trading floor of a securities exchange.

776(5)  [Definition of ``trading floor'']  

In this section:

``trading floor'' , in relation to a securities exchange, means a place or facility maintained or provided by the securities exchange for:

(a)  the making or acceptance, by members of the securities exchange, or by such members and other persons, of offers to sell, buy or exchange securities;

(b)  the making, by members of the securities exchange, or by such members and other persons, of offers or invitations that are intended, or may reasonably be expected, to result, whether directly or indirectly, in the making or acceptance of offers to sell, buy or exchange securities; or

(c)  the provision of information concerning the prices at which, or the consideration for which, particular persons, or particular classes of persons, propose, or may reasonably be expected, to sell, buy or exchange securities.