—(1) An approved exchange shall, in respect of every market it operates —
as far as is reasonably practicable, ensure that the market is fair, orderly and transparent;
manage any risks associated with its business and operations prudently;
in discharging its obligations under this Act, not act contrary to the interests of the public, having particular regard to the interests of the investing public;
ensure that access for participation in its facilities is subject to criteria that are fair and objective, and that are designed to ensure the orderly functioning of the market and to protect the interests of the investing public;
maintain business rules and, where appropriate, listing rules that make satisfactory provision for —
a fair, orderly and transparent market in securities or futures contracts that are traded through its facilities; and
the proper regulation and supervision of its members;
enforce compliance with its business rules and, where appropriate, its listing rules;
have sufficient financial, human and system resources —
to operate a fair, orderly and transparent market;
to meet contingencies or disasters; and
to provide adequate security arrangements; and
ensure that it appoints or employs fit and proper persons as its chairman, chief executive officer, directors and key management officers.
(2) In subsection (1)(g), “contingencies or disasters” includes technical disruptions occurring within automated systems.