Cap. 345 Art. 10Notification of intended action.

A regulated market intending to take any of the following actions shall notify the competent authority in writing and the consent of the competent authority shall be required before a regulated market may lawfully:

(a) alter or revoke any of its bye-laws; or

(b) make or issue new bye-laws; or

(c) make a change in the arrangements it makes for the provision of clearing services in respect of transactions effected on the regulated market concerned or in the criteria which it applies when determining to whom it will provide clearing services.