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(1 version)
 
May 16 2011 onwards

Chapter 7 — Obligations of a Trading Representative

Rule Violation Whether composition may be offered Composition Amount which may be Offered by SGX-ST, where SGX-ST has Determined the Trading Member, Approved Executive Director and/or Trading Representative to be Liable Mandatory minimum penalty imposable by the Disciplinary Committee
Rule Chapter/Number Brief Description of Rule Trading Members (or Designated Market Maker, where applicable) Approved Executive Directors Trading Representatives (or Market Making Representative, where applicable)
1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation
Chapter 7 — Trading Representative
7.5 Obligations of a Trading Representative
7.5.1 Trading Representative to comply with the Rules and any Directives SGX-ST prescribes [Unless otherwise specified in this Schedule]
Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
7.5.2 Trading Representative to act for only 1 Trading Member. Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
7.5.3 Trading Representative to adhere to principles of good business practice. Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
7.5.4 Trading Representative to pay SGX-ST all fees, levies and charges. Compoundable $500 $1,000 $2,000 $250 $500 $1,000 $250 $500 $1,000 N.A.
7.5.5(1) Trading Representative to maintain a register of securities in accordance with SFA. Not Compoundable Not Compoundable $10,000
7.5.5(2) Trading Representative to produce the register for inspection if requested by SGX-ST Not Compoundable Not Compoundable $10,000
7.5.5(3) Trading Representative to permit SGX-ST to take extracts of the register Not Compoundable Not Compoundable $10,000
7.5.6(1) Trading Representative to give SGX-ST necessary notice before engaging in or holding substantial shareholdings in any other business that might potentially conflict with being a Trading Representative. Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
Trading Representative to ensure that his Trading Member agrees to the engagement or shareholding Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
7.5.6(2) Engagement or shareholding not to breach the law, Rules, Directives or any regulations. Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
7.5.6(3) Trading Representative to supply SGX-ST with information required regarding the engagement or acquisition of shareholding Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
7.5.6(4) Trading Representative not to proceed with engagement or acquisition of shareholding if SGX-ST objects, or before expiration of period stipulated by SGX-ST. Not Compoundable Not Compoundable $10,000
7.5.6(5) Trading Representative to end engagement or shareholding if required to do so by SGX-ST Not Compoundable Not Compoundable $10,000
7.5.7 Trading Representative to inform SGX-ST in writing of any change in his/her contact details. Compoundable $500 $1,000 $2,000 $250 $500 $1,000 $250 $500 $1,000 N.A.
7.6 Remisier's Deposit
7.6.1 Remisier to give a deposit of at least $30,000 to TM. Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.

Added on 16 May 2011.