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7.1 In case the occurrence of any of the following abnormal situations disables part or all of the trading activities, the Exchange may decide on technical suspension or temporary closure of the market:
(1) force majeure;
(2) unexpected event;
(3) technical failure; or
(4) other abnormal situations as recognized by the Exchange.
7.2 In abnormal situations where orders cannot be placed on more than 10% of the seats or quotation transmission is interrupted at more than 10% of the stock brokerage departments, the Exchange may affect temporary closure of the market.
7.3 Where the Exchange believes that any of the abnormal situations as enumerated in Section 7.1 or Section 7.2 is likely to occur and such situation may have serious effect on the market, the Exchange may decide on 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 clears off.
7.6 Except for special situations recognized by the Exchange, the orders already accepted by the Exchange trading system prior to a technical suspension or temporary market closure are valid on the day of acceptance. The Exchange trading system continues to accept orders during the period of technical suspension or temporary market closure and a call auction will be conducted to process all the orders received after trading resumes.
7.7 The Exchange is not liable for any losses arising from technical suspension or temporary market closure resulted from abnormal situations. |
