to close its exchange for the transaction of business and, where it
has so closed it, of its intention to re-open it.
Additional powers - restriction notices relating to Exchange Companies and
clearing houses
46. (1) Subject to subsections (2) and (3), where the
Commission is satisfied that it is in the interest of the investing
public or the public generally, or it is appropriate to do so for the
protection of investors against financial loss or for the proper
regulation of an Exchange Company or clearing house, the Commission
may by notice in writing ("restriction notice") do any of the
following
www.
(a) require the Exchange Company or clearing house, before the
expiration of a period specified in the notice
(b)
(i) to amend, withdraw or revoke, in such manner as
shall be specified in the notice, any provision of its
memorandum of association, articles of association, rules
or regulations or other instrument so specified;
(ii) to take such action relating to the management,
conduct or operation of its business as may be so specified;
prohibit the Exchange Company or clearing house doing or
causing to be done, during a period so specified, such act
or other thing relating to the management, conduct or
operation of its business as shall be so specified.