7.10 Emergency Closures
a. Trading on the Market may be temporarily suspended by an Exchange official in the event of a fire alert, bomb scare, earthquake or other alarm or in such other event which in the opinion of the Exchange official suspension of trading is necessary in the interests of the Exchange, its staff, or its Members, or to maintain a fair and orderly market. Trading will be resumed as soon as reasonably practicable following any such interruption.
b. The Compliance Officer or his designated deputies may declare that trading on the Cleartrade Platform has been suspended and will remain so until all the consequences of such an event have been remedied to their satisfaction. If, as a result of action under (a) above trading in respect of any contract may not be resumed before the end of the trading session, or at a time which, in the opinion of the Compliance Officer or his designated deputies, would leave sufficient time before the end of the trading session as would allow the operation of a fair and orderly market, the Compliance Officer or his designated deputies will either:
i. declare the trading session suspended; or
ii. refer the matter to a Director who may declare that trading continues on the Telephone Trading market pursuant to Rule 7.