[COM 11,190] Equality of members of a securities exchange18 

18

(1) A member of a securities exchange must hold only one share in such securities exchange.

(2) All members of a securities exchange rank pari passu inter se with respect to all rights, benefits, privileges, duties and membership of such securities exchange.

(3) Where a securities exchange has, prior to the commencement of this regulation, registered more than one share in the name of any member, the Reserve Bank may give directions on the disposal of such shares and the member concerned must dispose of such shares in such manner as may be directed by the Reserve Bank.