Past version: Effective from 01 Jul 2014 to 07 Oct 2018
The Board may impose any conditions it thinks fit on dealing in a Designated Security or trading in a Designated Futures Contract. A condition applies from the date of declaration to all contracts of the Designated Security or Designated Futures Contract entered into on or after the date of declaration, or as indicated by the Board. For avoidance of doubt, the conditions may include:—
(1) a requirement that Trading Members obtain margins from each customer in respect of the customer's dealing in the Designated Security or trading in a Designated Futures Contract;
(2) [deleted];
(3) a restriction on dealing in a Designated Security or trading in a Designated Futures Contract by a Trading Member if its outstanding contracts in that Designated Security exceed 5% of the paid-up capital of the company whose securities are designated or, in the case of a Designated Futures Contract, of the company whose securities comprise the underlying, or any other percentage the Board prescribes; or
(4) a prohibition on any sale unless the seller holds the Designated Security or Designated Futures Contract, or in the case of a Designated Futures Contract, the underlying. A seller holds the security, Futures Contract, or underlying if, at the time of sale, he has the securities, Futures Contracts, or underlying in an account maintained with CDP (if scripless), or delivers the share certificates and executed transfer forms to the Trading Member.
Amended on 3 April 20083 April 2008 and 1 July 20141 July 2014.