Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
CDP Settlement Rules
DVP Rules [Entire Rulebook has been deleted]
CDP Depository Rules
Futures Trading Rules
Chapter 1 General Matters
Chapter 2 Access and Membership
Chapter 3 Conduct of Members, Approved Traders and Representatives
Chapter 4 Listing and Trading of Contracts
Chapter 5 Physical Delivery
Chapter 6 Dispute Resolution and Arbitration
Chapter 7 Adverse Events, Rule Violations and Disciplinary Action
7. Overview of Adverse Events, Rule Violations and Disciplinary Action
Chapter 8 Definitions and Interpretation
Chapter 9 Transitional Provisions
Regulatory Notices
Practice Notes
Schedules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Archive
Rule Amendments

  Versions
(2 versions)
 
Up to Jun 2 2019Jun 3 2019 onwards

7.6.2 Powers of the Disciplinary Committee

The Disciplinary Committee may impose one or more of the following Sanctions:

(a) expelling a Member, Approved Trader or Registered Representative. The Disciplinary Committee may order a Member, Approved Trader, or Registered Representative to be expelled notwithstanding that he has resigned;
(b) suspending a Member, Approved Trader, or Registered Representative;
(c) imposing a penalty not exceeding S$250,000 per charge on the Member, Approved Trader, or Registered Representative concerned, or in the case of multiple charges, not exceeding S$1,000,000 per hearing;
(d) reprimanding (publicly or privately) a Member, Approved Trader, or Registered Representative;
(e) requiring an education program to be undertaken by the Member, Approved Trader or Registered Representative concerned;
(f) requiring a compliance program to be undertaken by the Member, Approved Trader or Registered Representative concerned;
(g) imposing any restrictions or conditions on activities that a Member, Approved Trader, or Registered Representative undertakes, or, in the case of a Bank Trading Member, undertakes for the Bank Trading Member's Business Governed by this Rules;
(h) requiring a Member, Approved Trader, or Registered Representative to pay reimbursement or compensation;
(ha) ordering payment of fines by instalments, which shall not exceed 12 months from the date of imposition of the fine, unless otherwise permitted by the Disciplinary Committee;
(i) requiring any director of the Member concerned, or in the case of a Bank Trading Member, any director or person in a senior management position who is responsible for its Business Governed by this Rules, to step down from day-to-day conduct of the business affairs of the Member; or
(j) appointing a manager to manage the business of the Member concerned, or, in the case of a Bank Trading Member, its Business Governed by this Rules. The Disciplinary Committee shall fix the remuneration of the manager, which shall be paid by the Member concerned. The Member concerned is solely responsible for the manager's acts and defaults. The manager shall carry out directions given by the Disciplinary Committee in relation to the conduct of the business of the Member concerned.

The Disciplinary Committee may order a stay of any Sanction imposed, pending an appeal to the Appeals Committee.

Amended on 25 August 2009 and 3 June 2019.