Section 18: Directors of securities exchanges
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
18. Directors of securities exchanges
(1) The directors of a securities exchange shall ensure that, at all times—
(a) at least one third of the number of directors are independent of
the management of the securities exchange; and
(b) the directors include in their number directors who have experience in the operations of such securities exchange.
(2) A director of a securities exchange has a duty to act in the best interests of investors and, where there is a conflict between the interests of the
investors and the interests of the securities exchange, the director shall give
priority to the interests of the investors.
[S. 18 amended by s. 13 of Act 15 of 2007 w.e.f. 28 September 2007.]