Common use of Reasons for Trading Halt Clause in Contracts

Reasons for Trading Halt. (a) Subject to clause 19.4, the Operator may impose a Trading Halt on a Member by suspending or limiting the Member’s access to or use of the Trading System: (i) if a Suspension Event has occurred in relation to the Member; or (ii) under another provision of this agreement that allows the Operator to suspend or limit the Member’s access to the Trading System; or (iii) at the request of the Australian Energy Regulator in connection with any investigation of an alleged breach of the Market Conduct Rules; or (iv) in order to comply with an order or instruction from any other Authority. (b) In determining whether to impose a Trading Halt under paragraph (a)(i) or (ii), the Operator must consider whether there is an increased risk to the market of default or disruption arising from the continued participation of the Member and the extent to which a Trading Halt may mitigate that risk, having regard to all relevant circumstances including: (i) the cause, severity and effect of any applicable Suspension Event; (ii) the steps taken by the Member to remedy the event or circumstances and to prevent reoccurrence; (iii) the availability and effectiveness of any other available measures (such as a recalculation of Prudential Exposure) to mitigate any increased risk.

Reasons for Trading Halt. (a) Subject to clause 19.4, the Operator may impose a Trading Halt on a Member by suspending or limiting the Member’s access to or use of the Trading System:by (i) if a Suspension Event has occurred in relation to the Member; or (ii) under another provision of this agreement that allows the Operator to suspend or limit the Member’s access to the Trading System; or (iii) at the request of the Australian Energy Regulator in connection with any investigation of an alleged breach of the Market Conduct Rules; or (iv) in order to comply with an order or instruction from any other Authority. (b) In determining whether to impose a Trading Halt under paragraph (a)(i) or (ii), the Operator must consider whether there is an increased risk to the market of default or disruption arising from the continued participation of the Member and the extent to which a Trading Halt may mitigate that risk, having regard to all relevant circumstances including: (i) the cause, severity and effect of any applicable Suspension Event; (ii) the steps taken by the Member to remedy the event or circumstances and to prevent reoccurrence; (iii) the availability and effectiveness of any other available measures (such as a recalculation of Prudential Exposure) to mitigate any increased risk.