(1) In approving rules of an existing exchange or for a proposed exchange, the Bank may impose conditions or requirements on the exchange.
(1A) The Bank may, at any time after approving the rules of any such exchange -
(a) impose further conditions or requirements on the exchange, or
(b) amend or revoke any condition or requirement imposed under this subsection or subsection (1).
(1B) The powers conferred on the Bank by subsections (1) and (1A) are exercisable only for the purposes of ensuring -
(a) the prudent regulation of the exchange concerned, and
(b) the protection of consumers of financial services, and
(c) the effective and efficient regulation of the State's financial system.
(1C) The Bank may extend a condition or requirement imposed on an exchange under subsection (1) or (1A) so that the condition or requirement also applies to either or both of the following:
(a) all or any of the members of the exchange;
(b) any company established in connection with a member's membership
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