Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
Definitions and Interpretation
Chapter 1 Introduction
Chapter 2 Sponsors
Chapter 3 Disciplinary and Appeals Procedures, and Enforcement Powers of the Exchange
Chapter 4 Equity Securities
Chapter 5 Reserved
Chapter 6 Reserved
Chapter 7 Continuing Obligation
Chapter 8 Changes in Capital
Chapter 9 Interested Person Transactions
Chapter 10 Acquisitions and Realisations
Chapter 11 Takeovers
Chapter 12 Circulars, Annual Reports and Electronic Communications
Chapter 13 Trading Halt, Suspension and Delisting
Chapter 14 Transition Rules
Appendices
Practice Notes
Code of Corporate Governance 2012
Code of Corporate Governance 2018
SGX-ST Rules
CDP Clearing Rules
CDP Settlement Rules
DVP Rules [Entire Rulebook has been deleted]
CDP Depository Rules
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Archive
Rule Amendments

  Versions
(2 versions)
 
Up to Oct 6 2015Oct 7 2015 onwards

305

(1) The Exchange may exercise administrative powers for the purposes of ensuring that the market is fair, orderly and transparent, and that the Exchange does not act contrary to the interests of the investing public, including the powers to:
(a) issue public queries to an issuer;
(b) require an issuer to make specified disclosures;
(c) require an issuer to obtain the prior approval of the Exchange under Rule 720(2)(a), for a period not exceeding 3 years, for the appointment of a director or an executive officer;
(d) object to the appointments of individual directors or executive officers for a period not exceeding 3 years;
(e) require an issuer to appoint special auditors, compliance advisers, legal advisers or other independent professionals for specified purposes;
(f) take over supervision (in full or in part) of an issuer;
(g) waive or modify compliance with a listing rule (or part of a rule);
(h) halt or suspend trading of listed securities of an issuer under Rules 1302 and 1303;
(i) impose conditions on the authorization of a sponsor under Rule 206 or registration of a registered professional under Rule 213;
(j) remove an issuer from the Official List under Rules 724(2), 746(5), 1017(2), 1304, 1305(1)(c) and 1305(1)(e); and
(k) impose any other requirements on Relevant Person which the Exchange considers appropriate.
(2) The circumstances under which the Exchange may exercise its powers under Rule 305(1)(d) include:
(a) where the director or executive officer has refused to extend cooperation to the Exchange or other regulatory agencies on regulatory matters; and
(b) where the director or executive officer has wilfully contravened any relevant laws, rules and regulations.
(3) The Exchange may exercise investigative and enforcement powers for the purposes of enforcing the Rules, including the powers to:
(a) initiate and conduct investigations against a Relevant Person;
(b) initiate and conduct disciplinary proceedings against a Relevant Person;
(c) take enforcement action against a Relevant Person including the following;
(i) issuing a private warning to a Relevant Person;
(ii) offering a composition sum to an issuer, sponsor or registered professional;
(iii) requiring an issuer to implement an effective education or compliance programme,
(iv) requiring an issuer's directors or executive officers to undertake a mandatory education or training programme;
(v) requiring an issuer to undertake an independent review of internal controls and processes;
(vi) requiring an issuer to obtain the prior approval of the Exchange, for a period not exceeding 3 years, for the appointment of a director or an executive officer;
(vii) objecting to the appointments of individual directors or executive officers in any issuer for a period not exceeding 3 years;
(viii) requiring an issuer to appoint independent advisers to minority shareholders;
(ix) requiring an issuer to appoint special auditors, compliance advisers, legal advisers or other independent professionals for specified purposes;
(x) requiring a Relevant Person to perform other remedial action to rectify the consequences of contraventions;
(xi) imposing conditions on the authorization of a sponsor or registration of a registered professional;
(xii) suspending or restricting the activities of a sponsor or registered professional;
(xiii) revoking the authorisation of a sponsor or cancelling registration of a registered professional;
(xiv) requiring an education program to be undertaken by a sponsor or registered professional;
(xv) halting or suspending trading of listed securities of an issuer;
(xvi) removing an issuer from the Official List; and
(xvii) imposing any other requirements on a Relevant Person which the Exchange considers appropriate.
(4) Where a Relevant Person does not comply with requirements imposed by the Exchange set out in Part III of this Chapter, the Relevant Person shall be deemed to have contravened the Rules.
(5) The Exchange may charge, and the Disciplinary Committee may exercise its powers against, a sponsor or registered professional who:
(a) breaches any Rule, or any condition or restriction imposed by the Exchange;
(b) breaches any provisions involving fraud or dishonesty, whether in or out of Singapore;
(c) breaches director's duties; or
(d) engages in conduct detrimental to the financial integrity, reputation or interests of the Exchange.

Amended on 7 October 2015.