Rulebooks: Contents

Rulebooks
Mainboard Rules
Definitions and Interpretation
Chapter 1 Introduction
Chapter 2 Equity Securities
Chapter 3 Debt Securities
Chapter 4 Investment Funds
Chapter 5 Structured Warrants
Chapter 6 Prospectus, Offering Memorandum and Introductory Document
Chapter 7 Continuing Obligations
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 Disciplinary and Appeals Procedures, and Enforcement Powers of the Exchange
Appendices
Practice Notes
Practice Note 13.1 Procedures for Trading Halt and Suspension
Report of the Committee and Code of Corporate Governance
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
DVP Rules
CDP Depository Rules
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Rule Amendments

Practice Note 13.1 Procedures for Trading Halt and Suspension

Details Cross References Enquiries
Issue date: 3 Nov 2003
7 Jun 2006
1 Aug 2011
14 September 2011
12 October 2017

Effective date: 10 Nov 2003
1 Sep 2006
1 Aug 2011
29 September 2011
13 November 2017
Listing Rules 1301, 1302, 1303 and paragraph 21 of Appendix 7.1. Please contact Securities Market Control: —
6236-8820 Hotline

1. Introduction

1.1 This Practice Note provides guidance on the procedures for Trading Halt and Suspension.
1.2 A Trading Halt is a short term trading stoppage requested by an issuer to disclose material information. It is generally requested for a minimum of 30 minutes to a maximum of three market days. When a Trading Halt is being lifted, a stock will enter into the phase that the market is then in.
1.3 A Suspension is generally a longer term trading stoppage that can be requested either by an issuer or imposed by the Exchange. When a Suspension is being lifted, a stock will enter into an adjust phase for a minimum duration of 15 minutes before normal trading commences.
1.4 In a Trading Halt, orders in the system are not purged until the end of the market day while for a Suspension, all orders are purged at the time of the Suspension.

Amended on 29 September 2011.

2. Trading Hours

2.1 For normal day trading, our trading hours are from 9.00 am to 12.00 pm and 1.00pm to 5.00 pm. There is a mid-day break from 12.00 pm to 1.00 pm. Opening Routine is a 30-minute session before trading commences at 9.00 am, i.e. 8.30 am to 9.00 am. Closing Routine will run for 6 minutes after 5.00 pm, i.e. 5.00 pm to 5.06 pm.
2.2 For half day trading, our trading hours are from 9:00 am to 12:00 pm. Opening Routine is a 30-minute session before trading commences at 9.00 am, i.e. 8.30 am to 9.00 am. Closing Routine will run for 6 minutes after 12.00 pm, i.e. 12.00 pm to 12.06 pm.

Amended on 1 August 2011 and 13 November 2017.

3. Procedures for Trading Halt and Suspension

3.1 Trading Halt or Suspension can be applied at any time. When an issuer wishes to request for a Trading Halt or Suspension in its securities during trading hours and the mid-day break, it must first contact the officers in Market Control ("MC"). After alerting the MC officer, the issuer can then send the SGXNET announcement to request for Trading Halt or Suspension.
3.2 In the SGXNET announcement, issuers should state the reason for requesting the Trading Halt or Suspension.
3.3 Issuers are to observe the following guidelines when requesting for a Trading Halt or Suspension:—
(a) During Trading Hours and Mid-Day Break

Please call and alert Market Control before releasing the request via SGXNET.
(b) Before or After Trading Hours

Please call and alert Market Control between 7.30 am and 8.30 am although the SGXNET request can be released anytime after the close of the previous market day and before 8.30am on the day of the Trading Halt or Suspension.

Amended on 1 August 2011, 29 September 2011 and 13 November 2017.

4. Procedures for Lifting of Trading Halt and Resumption of Trading from Suspension

4.1 For both Trading Halt and Suspension, trading can resume only on the quarter-hourbetween 8.30 am to 4.45pm for lifting of trading halt and between 9.00 am to 4.45pm for resumption of trading from suspension.
4.2 Issuers must allow at least 30 minutes of dissemination time after a material announcement is made and before trading resumes.
4.3 Issuers are to observe the following guidelines when requesting for a Lifting of Trading Halt or Resumption of Trading From Suspension:—
(a) During Trading Hours and Mid-Day Break

Please call and alert Market Control before releasing the request via SGXNET.
(b) Before or After Trading Hours

Please call and alert Market Control between 7.30 am and 8.30 am although the SGXNET request can be released anytime after the close of the previous market day and before 8.30am on the day of the Lifting of Trading Halt or Resumption of Trading from Suspension.
4.4 Issuers whose securities have been halted or suspended and wish to resume trading upon commencement of trading on a market day are advised to disclose both their material announcement and SGXNET request for resumption of trading before 8.30am or before 12.30 pm, as the case may be.

Amended on 1 August 2011, 29 September 2011 and 13 November 2017.

5. SGXNET Templates

Issuers must use the correct template when sending in the above requests. Issuers can choose from the following four templates:—

a. Request for Trading Halt;
b. Request for Suspension;
c. Request for Lifting of Trading Halt;
d. Request for Resumption of Trading from Suspension