Rulebooks: Contents

Rulebooks
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SGX-ST Rules
Rule Amendments

  Versions
(1 version)
 
May 16 2011 onwards

Chapter 10 — Foreign Market Linkages

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 10 — Foreign Market Linkages
10.3 Access to Foreign Markets
10.3.3 Trading Member and Trading Representative to act on a direction of SGX-ST with regards to access to foreign markets. Not Compoundable Not Compoundable $10,000
10.6.3 Core Trading Principles
10.6.3(1) Trading Member and Trading Representative not to enter bids or offers in Selected Foreign Securities on a Foreign Market via the Exchange Link that may result in a disorderly market in those securities. Not Compoundable Not Compoundable $10,000
10.6.3(2)(a) Trading Member and Trading Representative to ensure that an authorised person is available at all times to communicate with SGXSPV, when accessing a Foreign Market. Compoundable $500 $1,000 $2,000 $250 $500 $1,000 $250 $500 $1,000 N.A.
10.6.3(2)(b) Trading Member and Trading Representative not to Intentionally or deliberately taking advantage of any situation resulting from a breakdown, error or malfunction of systems or procedures of Exchange Link. 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.
10.6.3(2)(c) Trading Member and Trading Representative to comply with instructions or directions of SGX-ST. Not Compoundable Not Compoundable $10,000
10.6.4 Market Manipulation and False Market
10.6.4(1) Trading Member and Trading Representative not to engage in an act that will create a false or misleading appearance of active trading in any Selected Foreign Securities or lead to a false market on a Foreign Market. Not Compoundable Not Compoundable $30,000
10.6.4(2) Trading Member to inform SGX-ST of suspected or known market manipulation in a Selected Foreign Security Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
Trading Member not to participate or knowingly assist in manipulating the market Not Compoundable Not Compoundable N.A. N.A. N.A. $30,000
10.6.5 Trading Member and Trading Representative not to trade or make a market in a suspended Selected Foreign Security without agreement by the Foreign Exchange concerned Not Compoundable Not Compoundable $30,000
10.6.6(2) Trading Member to meet costs incurred in connection with the cancellation of contracts 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 N.A. N.A. N.A. N.A.
10.6.7 Trading Member not to corner a security on a Foreign Market Not Compoundable Not Compoundable N.A. N.A. N.A. $30,000
10.6.8 Trading Member not to short sell a Selected Foreign Security on a Foreign Market without permission by the Foreign Exchange concerned Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
10.6.9 Trading Member to comply with conditions on dealing imposed in a Foreign Market in relation to securities which have been subject to manipulation or excessive speculation. Not Compoundable Not Compoundable N.A. N.A. N.A. $30,000

Added on 16 May 2011.