—(1) Without prejudice to section 341, the Authority may make regulations relating to the exemption, recognition or approval of, and the requirements applicable to, persons who establish, operate or assist in establishing or operating markets.
(1A) The Authority may also make regulations for the purpose of carrying out section 16A, including —
requiring an approved exchange to reckon specified positions for the purpose of determining if limits established or varied under section 16A(1) have been exceeded;
requiring an approved exchange to take specified steps to ensure compliance with those limits; and
specifying measures to manage any risks assumed by an approved exchange.
(2) Regulations made under this section may provide —
that a contravention of any specified provision thereof shall be an offence; and
for a penalty not exceeding a fine of $150,000 or imprisonment for a term not exceeding 12 months or both for each offence and, in the case of a continuing offence, a further penalty not exceeding a fine of 10% of the maximum fine prescribed for that offence for every day or part thereof during which the offence continues after conviction.