Securities Industry Act 1980
80Certain matters to be reported to Commission
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80 Certain matters to be reported to Commission
(1) Where, in relation to a dealer who is a member of a securities exchange, the securities exchange becomes aware of a prescribed matter, the securities exchange shall, as soon as practicable after becoming aware of the matter, lodge with the Commission a written report on the matter and send a copy of the report to the dealer. (2) In this section, prescribed matter, in relation to a dealer, means a matter that, in the opinion of the securities exchange concerned:
(a) has adversely affected, is adversely affecting or may adversely affect the ability of the dealer to meet his obligations as a dealer;
(b) constitutes or may constitute a breach of section 71, 72, 73 or 74 or, except in a case where the securities exchange concerned is not a stock exchange, Part VIII; or
(c) constitutes or may constitute a breach of a condition of a licence issued to the dealer under this Act.