Chapter 8 Managing Abnormal Circumstances any of the following circumstances occurs in futures trading, the Exchange may announce an abnormal circumstance and take emergency actions to mitigate risks: 1. earthquake, fire and other force majeure or computer system breakdown that could not be attributed to the Exchange lead to failure of normal trading; 2. failure to fulfill settlement and delivery obligations is having or is expected to have serious impact on the market; 3. remain unmitigated even after relevant actions are taken when circumstances of Article 54 in these General Exchange Rules occur; 4. other circumstances as prescribed by the Exchange. When the abnormal circumstance stated in item 1 above occurs, the President and CEO of the Exchange may determine to adjust the time for market opening and closing, or temporarily suspend trading; when the other abnormal circumstances above occur, the Board of Directors may determine to adjust the time for market opening and closing, temporarily suspend trading, adjust price limit, raise level of margin, require position liquidation within a prescribed time period, conduct forced position liquidation, suspend withdrawal of funds, or take any other emergency actions prescribed by the Exchange. The Exchange shall report to the CSRC before announcing abnormal circumstances and taking any relevant emergency actions. Where the Exchange announces an abnormal circumstance and decides to suspend trading, the suspension shall be
Chapter 8 Managing Abnormal Circumstances any of the following circumstances occurs in futures trading, the Exchange may announce an abnormal circumstance and take emergency actions to mitigate risks: 1. earthquake, fire and other force majeure or computer system breakdown that could not be attributed to the Exchange lead to failure of normal trading; 2. failure to fulfill settlement and delivery obligations is having or is expected to have serious impact on the market; 3. remain unmitigated even after relevant actions are taken when circumstances of Article 54 in these General Exchange Rules occur; 4. other circumstances as prescribed by the Exchange. When the abnormal circumstance stated in item 1 above occurs, the President and CEO of the Exchange may determine to adjust the time for market opening and closing, or temporarily suspend trading; when the other abnormal circumstances above occur, the Board of Directors may determine to adjust the time for market opening and closing, temporarily suspend trading, adjust price limit, raise level of margin, require position liquidation within a prescribed time period, conduct forced position liquidation, suspend withdrawal of funds, or take any other emergency actions prescribed by the Exchange. The Exchange shall report to the CSRC before announcing abnormal circumstances and taking any relevant emergency actions. Where the Exchange announces an abnormal circumstance and decides to suspend trading, the suspension shall be
1494840273426.docx