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MARKET SURVEILLANCE & ENFORCEMENTMARKET SURVEILLANCE & COMPLIANCE MONITORINGCSE maintain an effective market surveillance to detect and prevent unethical , unusual and illegal practices in the market. The Exchange Compliance and Surveillance Department is primarily responsible for day to day market surveillance, supervision and compliance monitoring of trading activities, including review of pricing of orders. When any unusual market action occurs it is reported to the Manager, Compliance and Surveillance. In many cases by checking with Surveillance, the Manager will try to trace the reason for the action to a specific cause such as recently disclosed information, or rumours. Market surveillance may also check broker firms as to the source and reason for activity stemming from their particular firms. If no explanation of the unusual activity is revealed the Exchange may make a query to the Company to determine whether they know the cause of the action. It the action appears to be attributable to a rumour or report or to material information that has not been publicly disseminated, the Company is requested to take appropriate corrective action and may be advised to halt trading until such action has been taken. [Top] ENFORCEMENTCSE put in place a thorough risk management system which is regularly monitored to pre-empt market failures. CSE Surveillance and Compliance Department monitors the issuers' compliance activities and broker's regular and/or trading activities on regular basis. It watch performance of members, their net worth, undertakes on-line monitoring of members turnover position and exposure, margins arrangements with exchange and clients etc. The Department conducts investigation of any act of member firms or listed companies, as the case which may be deemed to violate the rules and regulations of CSE and/or SEC and gather all evidence concerning the said acts to pass it to the relevant committee. While taking action for violation of any rules and regulation CSE send a show cause notice to the company with an order to comply the relevant clause. And if not complies within stipulated time then take appropriate action which may be to impose fine, to warn, to suspend or to de-list/terminate the listed/member company. [Top] |
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