A Trading Member or a Trading Representative must not deal in a security or futures contract in a manner that will or may have the effect of raising, lowering, maintaining or stabilising the price of the security or futures contract or its underlying (where applicable), with intent to induce other persons to subscribe for, purchase or sell the security or futures contract. This Rule 5.12.5 does not apply to stabilising action carried out in accordance with the Securities and Futures (Market Conduct) (Exemptions) Regulations 2006 or any other specific exemption granted by the Authority.

Added on 3 June 20193 June 2019, and amended on 21 August 2026.