The Exchange may conduct an investigation if:

(1) the Exchange has reason to believe that there is a possibility that any Relevant Rule has been contravened by a Relevant Person;
(2) the Exchange receives a written complaint involving a Relevant Person, or a sponsor's directors, executive officers, employees or agents;
(3) the Authority so directs; or
(4) the Exchange is of the opinion that the circumstances warrant it.

Added on 7 October 20157 October 2015.