|
7.1 In case the occurrence of any of the following extraordinary circumstances disables part or all of the trading activities, the Exchange will have the discretion to impose a technical suspension or temporary closure of the market:
(1) force majeure;
(2) unexpected event;
(3) technical failure; or
(4) other extraordinary circumstances as recognized by the Exchange.
7.2 Under extraordinary circumstances where quotation transmission is interrupted or orders cannot be input in more than 10% of brokerage branches, the Exchange may affect temporary closure of the market.
7.3 Where the Exchange believes that any of the extraordinary circumstances as enumerated in Section 7.1 and Section 7.2 is likely to occur and may have serious effect on the well functioning of the market, the Exchange has the discretion to impose a technical suspension or temporary closure of the market.
7.4 The Exchange shall make an announcement of the technical suspension or temporary market closure.
7.5 The Exchange may resume trading after the cause of the technical suspension or temporary market closure no longer exists.
7.6 Except for the special situations determined by the Exchange, the orders already accepted by the Exchange trading system prior to a technical suspension or temporary market closure shall be valid after trading resumes. The Exchange trading system continues to accept orders during the period of technical suspension or temporary market closure and, after trading resumes, a call auction will be conducted for all the orders accepted.
7.7 The Exchange shall not be liable for any losses arising from extraordinary circumstances or from corresponding measures imposed by the Exchange. |
