s 6 Business rules
6.—(1) The business rules of every body corporate which has applied for approval or which has been approved as a commodity market under section 5 must make satisfactory provision —(a) for the exclusion from membership of persons who are not of good character and high business integrity; (b) for the expulsion, suspension or disciplining of members for conduct inconsistent with just and equitable principles in the transaction of business, or for a contravention of the business rules of the proposed commodity market; (c) with respect to the terms and conditions under which commodity contracts may be made; (d) with respect to the clearing and other arrangements made and the financial conditions of the commodity market, its clearing house and its members are such as to provide reasonable assurance that all obligations arising out of any contracts entered into on that commodity market will be met; (e) that trading practices are fair and properly supervised; (f) that adequate measures have been taken to prevent manipulation and excessive speculation; (g) that adequate provision has been made to record and publish details of trading; (h) with respect to the establishment of a Compensation Fund, or any other scheme or system accepted by the Board, which would compensate customers who suffer pecuniary loss through the defalcation of a member, or any of its directors or employees, in respect of any money or other property that was entrusted to or received by a member, or a director or an employee, for or on behalf of any person or by reason that the member was trustee of the money or other property; and (i) generally for carrying on the business of the proposed commodity market with due regard to the interests and protection of the public. (2) The Board may, with the approval of the Minister, by regulations prescribe the manner, form and procedure for the making of business rules of a commodity market or clearing house and any amendment thereof; and those regulations may make provision for the Board to disallow the whole or part of any rule or any amendment thereto as it thinks fit.