CmaBylaw
Executive Bylaws
1-41-25 Temporary Exemptions from Market Making Obligations Of Module Five: Securities Activities and Registered Persons
Section: Chapter One: Securities Activities
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Sunday, 05 February 2017
A Market Maker may be temporary exempted from its market making obligations on a certain Security in the following cases: 1. If the Authority decides to change the difference in price between the bid and ask orders in the event of severe market fluctuation. 2. If a Security has buy orders entered with the price limit up and no sell orders entered, or if a Security has sell orders entered with the price limit down without any buy orders entered. 3. The relevant Security is suspended from trading. 4. The Authority issues a decision to suspend a Market Maker from carrying on its activity. 5. Other cases set by the Authority, or by the rules of the Exchange or Clearing Agency.
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