Section 2Part 0 —
Definitions
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In this Law —
means the Articles of Association of the Exchange;
means the Stock Exchange Authority appointed under section 3;
means any day during any part of which the facilities of the Exchange are available to the Exchange members for trading purposes or would have been available but for a suspension of trading ordered by the Authority under section 17;
means the Companies Law (2013 Revision);
means a body corporate constituted under the Laws of the Islands or of any other jurisdiction;
means the Council of the Exchange;
means a member of the Council;
means the Cayman Islands Stock Exchange Company incorporated under section 4;
means a person admitted to membership in the Exchange under the rules;
means the grant of a list and permission to deal in securities on the Exchange, and "listed" shall have a corresponding meaning;
means —
a limited partnership registered under the Partnership Law (2013 Revision);
an exempted limited partnership registered under the Exempted Limited Partnership Law, (2013 Revision); or
a partnership constituted under the laws of a jurisdiction other than the Islands;
mean rules made under section 11;
means the Secretary of the Exchange and includes an assistant or acting Secretary;
mean securities of all descriptions and include —
any shares, stocks, debentures, loan stocks, funds, units, interests in a limited partnership, unit trust or company, bonds or notes of or issued by any body whether incorporated or unincorporated, or of any government or local government or public authority;
rights under a contract for the sale of a commodity or property of any other description including any securities, financial instrument or any other derivative under which delivery is to be made at a future date and at a price to be calculated in accordance with a formula to be agreed upon;
rights under a contract for differences or under any other contract the purpose or intended purpose of which is to secure a profit or avoid a loss by reference to fluctuations in the value or price of a commodity or property of any description including any securities, financial instrument or any other derivative or in an index or other fact or designated for that purpose in that contract;
rights, options, or interests (whether described as units or otherwise) in or in respect of any of the foregoing or in respect of any currency, commodity, precious metal, metal or hydrocarbon or any other substance whatsoever;
certificates of interest or participation in, or temporary or interim certificates for, receipts for, or warrants to subscribe to or purchase, any of the foregoing;
any swap or other derivative; and
any other securities or other instruments determined by rules made by the Council;
means a stock market or a place where, facility or arrangement by which (and situated in whole or in part in the Islands) securities are listed, regularly offered for purchase or sale or by reference to which transactions in securities are regularly entered into by or on behalf of competing buyers; and
means a trust established by a trustee which, for valuable consideration, issues trust units in profits or gains arising from the acquisition, holding, management or disposal of investments by the trustee of the trust, the proper law of which is the law of the Islands or the law of any other jurisdiction.
Defined Terms
ArticlesAuthoritybusiness dayCompanies LawcompanyCouncilCouncil memberExchangeExchange memberlistingpartnershiprulesSecretarysecuritiessecurities marketunit trust
Cross References
- Section 3 of Stock Exchange Company Actexternal
Stock Exchange Authority appointed under section 3
- Section 17 of Stock Exchange Company Actexternal
suspension of trading ordered by the Authority under section 17
- Section of Companies Law
Companies Law (2013 Revision)
- Section of Partnership Law
Partnership Law (2013 Revision)
- Section of Exempted Limited Partnership Law
Exempted Limited Partnership Law (2013 Revision)
- Section 4 of Stock Exchange Company Actexternal
Exchange incorporated under section 4
- Section 11 of Stock Exchange Company Actexternal
rules made under section 11