(1) Where the Bank is satisfied that an exchange or any member thereof has failed or is failing to comply with a condition or requirement under section 100(2)(a) or 101 the Bank may give a direction to either or both -

(a) the exchange to suspend trading, and

(b) any or all of the members of the exchange to suspend trading or dealing thereon,

for a specified period or until further notice by the Bank.

(2)

(a) The exchange or member or members thereof to whom the direction was given under subsection (1) may apply in a summary manner to the Court for, and the Court may grant, an order setting aside the direction.

(b) The Bank may apply in a summary manner to the Court to have a direction by it under this section confirmed by the Court.

(3) The Court when considering the matter may make such interim or interlocutory order as it considers appropriate.