Where the Commission is satisfied that it is necessary for the protection of investors or for the proper regulation of a securities exchange, the Commission may issue directions to the holder of a securities exchange licence with respect to—
(a) trading on or through its facilities generally or with respect to the trading of a particular security;
(b) the manner in which the securities exchange carries on any aspect of its business, including the manner of reporting off-market trades by members; or
(c) any other matter that the Commission considers necessary for the effective administration of this Act;
and the holder of the securities exchange licence shall comply with the direction.