Reporting requirements for trading system disruptions: exchanges must notify a standing committee, adopt remedial measures, and report to the regulator. All instances of hanging, slowdown, breakdown or other problems in the computerised trading system must be reported to a Standing Committee which will examine each incident and report to the Governing Board/Council. The Board/Council shall deliberate and adopt remedial measures; stoppages beyond five minutes require explanation and reporting to the regulator and a public press release. Exchanges must amend bye laws, notify members and disseminate the provisions on their websites, and report implementation status to the regulator.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Reporting requirements for trading system disruptions: exchanges must notify a standing committee, adopt remedial measures, and report to the regulator.
All instances of hanging, slowdown, breakdown or other problems in the computerised trading system must be reported to a Standing Committee which will examine each incident and report to the Governing Board/Council. The Board/Council shall deliberate and adopt remedial measures; stoppages beyond five minutes require explanation and reporting to the regulator and a public press release. Exchanges must amend bye laws, notify members and disseminate the provisions on their websites, and report implementation status to the regulator.
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