Shanghai Stock Exchange, Implementing Rules for Handling Unusual Trading Circumstances (Trial Implementation)
上海证券交易所交易异常情况处理实施细则 (试行)
December 08, 2009 | BY
clpstaff &clp articles &Shanghai Stock Exchange imposes measures in case of unusual trading circumstances.
Issued: November 2 2009
Effective: as of date of issuance
Interpreting authority: Shanghai Stock Exchange (Stock Exchange)
Applicability: The term “unusual trading circumstances” refers to circumstances that lead to or may lead to failure to carry out all or some securities transactions normally by the Stock Exchange (Article 3).
Main contents: Unusual trading circumstances may be caused by force majeure, accidents and technical failure (Article 3). Upon occurrence of unusual trading circumstances, the Stock Exchange shall adopt measures such as technical suspension of trading of certain securities, interim suspension of trading and delay of settlement (Article 12).
Related legislation: PRC Securities Law (Amended) , Oct 27 2005, CLP 2006 No.1 p.31; PRC Law on Response to Unexpected Events, Aug 30 2007; Measures for the Administration of Stock Exchanges, Dec 12 2001; and Shanghai Stock Exchange, Trading Rules, Aug 31 2001
clp reference:3700/09.11.02/SH(3)promulgated:2009-11-02effective:2009-11-02This premium content is reserved for
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