 In attempting to bring both Primary and Secondary market activity under one umbrella, the Act created confusion, and for the most part the provisions were unenforceable.This was because the Exchange as a regulatory Organisation, had no discretion to reasonably moderate the strict and unreasonable application of the letter of the Act once a particular provision was not explicitly stated in the Act.The Ministry of Finance, in recognizing this problem, worked with the Exchange to introduce a more dynamic piece of legislation.