17.3 ASX may at any time suspend an entity’s +securities, or a +class of them, from +quotation if in ASX’s opinion any of the following applies.
- Suspension not at entity’s request
General rule
+ See chapter 19 for defined terms
- 17.3.1 The entity is unable or unwilling to comply with, or breaks, a listing rule.
Note: Listing rule 8.1 requires an entity to comply with the ASX Settlement Operating Rules. Listing rule 17.3 may therefore operate if an entity breaks an ASX Settlement Operating Rule.- 17.3.2 It is necessary to suspend +quotation to prevent a disorderly or uninformed market.
- 17.3.3 ASX’s rules require the suspension.
Note: ASX’s rules are its listing rules, market rules, and articles of association.
1 July 2014 Page 1702
17.3.4 It is appropriate for some other reason. Introduced 01/07/96
Example: If ASX Settlement suspends an entity’s participation in CHESS, ASX may suspend quotation of the entity’s securities. This may occur for a reason that does not break the ASX Settlement Operating Rules, but it would still affect transfers.
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- Ann: Suspension from Official Quotation-GMC.AX
Ann: Suspension from Official Quotation-GMC.AX, page-8
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