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
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Archive
SGX-ST Rules
Rule Amendments

Chapter 12 — Operational Requirements

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 12 — Operational Requirements
12.1 Records
12.1.1(1) Trading Member, Director or Trading Representative to maintain complete and accurate records in accordance with the SFA and/or SFR, or requirements prescribed by the Relevant Regulatory Authority, as applicable. Not Compoundable [Unless otherwise specified in this Schedule]
Not Compoundable $10,000
Trading Member, Director or Trading Representative to maintain complete and accurate records in accordance with the Rules Compoundable [Unless otherwise specified in this Schedule]
$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 Member to notify SGX-ST of changes to requirements prescribed by the Relevant Regulatory Authority. 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.
Trading Member to comply with additional requirements prescribed by SGX-ST. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
12.1.1(2) Trading Member, Director or Trading Representative not to make false or misleading entries. Not Compoundable Not Compoundable $10,000
12.1.1(3) Trading Member, Director or Trading Representative to make all material entries in any Document. Not Compoundable Not Compoundable $10,000
12.1.1(4) Trading Member, Director or Trading Representative not to alter or destroy any Documents. Not Compoundable Not Compoundable $10,000
12.1.2 Trading Member, Director or Trading Representative to ensure integrity, security and confidentiality in the transmission and storage of records. 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.
12.1.3 Trading Member to make records available to SGX-ST as required Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
12.2 Confidentiality of customer's information
12.2.1 Trading Member and Trading Representative to maintain confidentiality of customer's information. 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.
12.2.2 Failure to ensure that a person to whom customer's information is disclosed maintains confidentiality. 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.
12.3 Customer accounts
12.3.1(1) Trading Member to obtain the necessary particulars before opening an individual customer account. 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.
12.3.1(2) Trading Member to verify customer's identity and intention when account is not opened in person. 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.
12.3.2(1) Trading Member to obtain the necessary particulars before opening a corporate customer account. 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.
12.3.2(2) Trading Member to obtain a certified true copy of the certificate of incorporation of the customer before opening a corporate customer account 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.
12.3.2(3) Trading Member to obtain the necessary documents before opening a corporate customer account 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.
12.3.3 Trading Member to have on file the necessary particulars and/or documents for opening an agency account. Compoundable $500 $1,000 $2,000 $250 $500 $1,000 N.A. N.A. N.A. N.A.
12.3.4(1) Trading Member to allow customers to open a joint account only if the specified conditions are met Compoundable $500 $1,000 $2,000 $250 $500 $1,000 N.A. N.A. N.A. N.A.
12.3.4(2) Trading Member not to permit a joint account to be operated by more than 2 individuals Compoundable $500 $1,000 $2,000 $250 $500 $1,000 N.A. N.A. N.A. N.A.
12.3.4(3) Trading Member to maintain the necessary information for the operation of a joint account. Compoundable $500 $1,000 $2,000 $250 $500 $1,000 N.A. N.A. N.A. N.A.
12.3.4(4) Trading Member to require each joint account holder to specify whether he/she is jointly and severally liable for debts incurred in the joint account. Compoundable $500 $1,000 $2,000 $250 $500 $1,000 N.A. N.A. N.A. N.A.
12.3.5 Customer accounts to be approved in the stipulated manner. Compoundable $500 $1,000 $2,000 $250 $500 $1,000 N.A. N.A. N.A. N.A.
12.3.6 Trading Member to obtain a written risk acknowledgement statement from a customer in accordance with the SFA and/or SFR, or requirements prescribed by the Relevant Regulatory Authority, as applicable.. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
Trading Member to notify SGX-ST of changes to requirements prescribed by the Relevant Regulatory Authority. 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.
Trading Member to comply with additional requirements prescribed by SGX-ST. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
12.3.7(1) Trading Member to maintain separate Trading Accounts for each customer or each group of joint customers (as the case may be) whose account is carried on the books of the 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.
12.3.7(2) Trading Member to identify and designate each Trading Account by the full name of the customer(s) whose account is carried on the books of the Trading Member and by a unique Trading Account code, which must be reported to SGX-ST prior to any order. Compoundable $500 $1,000 $2,000 $250 $500 $1,000 $250 $500 $1,000 N.A.
12.3.9 [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
12.3A Customer Education
12.3A.1 Trading Member to provide online customers with adequate information on specific areas Compoundable $500 $1,000 $2,000 $250 $500 $1,000 N.A. N.A. N.A. N.A.
12.4 Trading Authority
12.4.1 Trading Member to obtain written authorisation from the customer before accepting orders from a third party. 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.
12.5 Brokerages and Charges
12.5.1 Commission rate chargeable to comply with specified rates, if so prescribed by SGX-ST 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.
12.5.2 Trading Member to disclose charges and expenses to be borne by the customer. Compoundable $500 $1,000 $2,000 $250 $500 $1,000 N.A. N.A. N.A. N.A.
12.6 Contract Notes
12.6.1 Trading Member to send customer a contract note for purchase and sale of securities or futures contracts. Not Compoundable Not Compoundable N.A. N.A. N.A. N.A.
12.6.2 Trading Member to state on the contract note that the contract is subjected to the Rules and Directives of SGX-ST. Compoundable $500 $1,000 $2,000 $250 $500 $1,000 N.A. N.A. N.A. N.A.
12.6.3(1) Trading Member to include information in the contract note in accordance with SFR. Not Compoundable Not Compoundable N.A. N.A. N.A. N.A.
Trading Member to show separately in the contract note, the stipulated fees, tax and charges. Compoundable $500 $1,000 $2,000 $250 $500 $1,000 N.A. N.A. N.A. N.A.
12.6.3(2) Trading Member to obtain customer's consent before issuing contract notes in electronic form. 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.
12.6.4 [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
Trading Member to comply with such requirements prescribed by the Relevant Regulatory Authority in respect of contract notes. Not Compoundable Not Compoundable N.A. N.A. N.A. N.A.
Trading Member to comply with such requirements prescribed by the Relevant Regulatory Authority before sending contract notes in electronic form. 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.
Trading Member to notify SGX-ST of changes to requirements prescribed by the Relevant Regulatory Authority. 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.
Trading Member to comply with additional requirements prescribed by SGX-ST. Not Compoundable Not Compoundable N.A. N.A. N.A. N.A.
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12.6.7 Trading Member to produce contract notes to SGX-ST in the same form as when given to customers. 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.
12.7 Statement of Account to Customers
12.7.1 Trading Member to send customer a statement of account on a regular basis, as may be required under the Securities and Futures Act, or any Regulation made thereunder. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
12.7.2(1) Trading Member to include information in the statement of account in accordance with SFR. Not Compoundable Not Compoundable N.A. N.A. N.A. N.A.
Trading Member to include any other information in the statement of account as prescribed by SGX-ST 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.
Trading Member to obtain customers' consent before sending statement of account in electronic form. 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.
12.7.2(2) Trading Member to comply with such requirements prescribed by the Relevant Regulatory Authority in respect of statements of account. Not Compoundable Not Compoundable N.A. N.A. N.A. N.A.
Trading Member to comply with such requirements prescribed by the Relevant Regulatory Authority before sending statement of account in electronic form. 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.
Trading Member to notify SGX-ST of changes to requirements prescribed by the Relevant Regulatory Authority. 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.
Trading Member to comply with additional requirements prescribed by SGX-ST. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
12.7.3 [Deleted] [Deleted] [Deleted] [Deleted] [Deleted] [Deleted] [Deleted] [Deleted] [Deleted] [Deleted] [Deleted] [Deleted]
12.7.5 Trading Member to produce statement of accounts to SGX-ST in the same form as when given to customers. 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.
12.8 Amendment of Contract
12.8.1 Trading Member to amend contract only if there is a valid reason. 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.
12.8.2 Amendment of contract to be approved by the specified persons 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.
12.8.3 Approval to be given before contract is amended 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.
12.9 Communication with Third Parties
12.9.1 Trading Member to communicate directly with customers. 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.
12.9.2 Trading Member not to allow a third party to collect cash or stipulated documents without written authorisation. 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.
12.10 Payment to Customers
12.10.1 All cheques to customers to be crossed unless stipulated conditions are met 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.
12.10.2 Trading Member not to accept a house cheque unless the stipulated conditions are met 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.
12.10A Customer's Money and Assets
12.10A.1 Trading Member to meet the stipulated fiduciary obligations to its Customers Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
12.10A.2(2) Trading Member to comply with such requirements prescribed by the Relevant Regulatory Authority in respect of stipulated fiduciary obligations. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
Trading Member to notify SGX-ST of changes to requirements prescribed by the Relevant Regulatory Authority. 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.
Trading Member to comply with additional requirements prescribed by SGX-ST. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
12.11 Customer's and Remisier's Money
12.11.1 Trading Member to comply with the stipulated provisions in the Securities and Futures (Licensing and Conduct of Business) Regulations 2002. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
12.11.2 Trading Member to deposit all money received on account of a Remisier in a trust account. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
12.11.3 Trading Member to designate the accounts maintained with a financial institution as a trust account, or customer or Remisier account, as the case may be. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
12.11.5 Trading Member not to commingle money received with Trading Member's own funds. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
12.11.6 Trading Member not to withdraw Remisier's money from a trust account when the prescribed conditions are not met. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
12.11.7 Trading Member to notify the Remisier of the withdrawal made by the next business day 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.
12.12 Customer's and Remisier's Assets
12.12.1 Trading Member to comply with the stipulated provisions in the Securities and Futures (Licensing and Conduct of Business) Regulations 2002. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
12.12.3 Trading Member to designate accounts maintained with a financial institution as a trust account, customer, or Remisier account. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
12.12.4 Trading Member to deposit assets of its customers in a separate custody account from Remisiers Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
12.12.5 Trading Member not to commingle assets of a customer or Remisier, with Trading Member's own assets. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
12.12.6 Trading Member not to withdraw remisier's assets from a custody account when the prescribed conditions are not met. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
12.12.7 Trading Member to notify the Remisier of the withdrawal of assets by the next business day 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.
12.13 Reporting of Delinquent Accounts.
12.13.1 Trading Member to inform SGX-ST of the particulars of delinquent accounts. Compoundable $500 $1,000 $2,000 $250 $500 $1,000 N.A. N.A. N.A. N.A.
12.14 Separation of Front Office and Back Office Functions
12.14.1 Trading Member to separate front and back office functions. Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
12.15 Stock Account
12.15.1 Trading Member to make trades of securities or futures contracts for the Trading Member's proprietary account under a separate stock account. 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.
12.15.2 Stock Account to be operated by a Director, or his designate, who is licensed to trade. 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.
12.15.3 Trading Member not to allow a Remisier to operate a Stock Account. 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.
12.16 Suspense Account
12.16.1(2) [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
12.16.1(3) [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
12.16.2 [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
12.16.3 [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
12.16.4 [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
12.17 Trading by Employees and Agents
12.17.1 Trading Member to require a Director, Officer, Dealer and employee to obtain prior written approval for each trade 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.
12.17.2 Trading Representative not to execute an order for the stipulated accounts without proper written authorisation. 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.
12.17.3 Trading Member to require Director, Officer, Trading Representative, employees to trade through the 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 N.A. N.A. N.A. N.A.
12.17.4 Trading Member not to buy or sell securities or futures contracts for Director, Officer, Trading Representative, employees of another Trading Member without prior written approval of that 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 N.A. N.A. N.A. N.A.
12.17.5 Trading Member to put in place procedures to ensure that agents who are privy to confidential information do not use the information to trade for their own benefit. 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.
12.17.6 Trading Member to put in place procedures to monitor trading activities of Director, Officer, Trading Representative, employees. 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.
12.18 Compliance Review
12.18.2 Trading Member to carry out checks through stipulated department/person. 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.
12.18.1 Trading Member to carry out checks to ensure compliance with all regulatory requirements. 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.
12.18A Broker-linked balances
12.18A.1 Trading Member linked to a broker-linked balance to have a written agreement with the holder of the broker-linked balance, setting out the required matters.

The Trading Member must provide the written agreement to SGX-ST for inspection if requested.
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.
12.18A.2 Trading Member to act in accordance with the written agreement, the Rules and the Act. 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.
12.18A.3 Subject to Rule 12.18A, Trading Member to approve the release of securities from the broker-linked balance linked to it by the prescribed timelines. 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.
12.18A.5 Trading Member that does not approve a customer's request for release of any securities must (a) inform the customer that the request has been rejected and the securities will not be released; (b) provide the reason(s) for not releasing the securities, including necessary details, if so requested by the customer; and (c) provide the customer with such information as may be prescribed from time to time, within the relevant prescribed timelines. 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.
12.18A.7 Resigning Trading Member must, in respect of each customer that has a broker-linked balance linked to it, release all securities in the broker-linked balance into the customer's main balance by the effective date of resignation. 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.
12.19 Advertising
12.19.1 Trading Member to ensure that advertising or publicity adheres to the stipulated requirements. 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.
12.19.2 Trading Member that holds a licence specified in Rule 4.1.1(1)(b) not to direct advertising or publicity to Customers domiciled in Singapore. 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.
12.20 Soft Dollar Commissions
12.20.1 Trading Member and Trading Representatives not to receive goods and services from a broker when the stipulated criteria are not met. 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.
12.20.2 Trading Member not to pay for goods and services to customers when the stipulated criteria are not met. 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.
12.21 Use of Office Premises
12.21.1 Trading Member not to allow unauthorised persons to use the Trading Member's office premises. 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.
12.22 Use of Prescribed Forms
12.22.1 Trading Member to use forms prescribed by SGX-ST. Compoundable $500 $1,000 $2,000 $250 $500 $1,000 N.A. N.A. N.A. N.A.
12.23 Application of Chapter 12
12.23.2 Trading Member that holds a licence specified in Rule 4.1.1(1)(b) to comply with such requirements prescribed by the Relevant Regulatory Authority and principles of good business practice in respect of the stipulated requirements in relation to Rules 12.3.1, 12.3.2, 12.4, 12.8.2, 12.8.3, 12.9, 12.10, 12.15, 12.16 and 12.17.21 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.
Trading Member that holds a licence specified in Rule 4.1.1(1)(b) to comply with such requirements prescribed by the Relevant Regulatory Authority and principles of good business practice in respect of the stipulated requirements in relation to Rules 12.3.3, 12.3.4, 12.3.5 and 12.3A.22 Compoundable $500 $1,000 $2,000 $250 $500 $1,000 N.A. N.A. N.A. N.A.

Added on 16 May 2011 and amended on 18 September 2012, 19 May 2014, 1 July 2016, 8 October 2018 and 10 December 2018.