Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
Chapter 1 General
Chapter 2 Admission and Registration of Trading Members, Chief Executive Officers and Trading Representatives
Chapter 3 Capital and Financial Requirements
Chapter 4 Operational Requirements
Chapter 5 Trading Practices and Conduct
Chapter 6 Designated Market-Makers
Chapter 7 Listing and Quotation
Chapter 8 Trading
Chapter 9 Settlement
Chapter 10 Requirements on Specific Securities and Futures Contracts
Chapter 11 Cancellation of Contracts and Trades
Chapter 12 Supervision and Enforcement
Chapter 13 Definitions and Interpretation
Directives
Regulatory Notices
Practice Notes
Schedule A
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
(1 version)
 
Jun 3 2019 onwards

3.15.5

A Trading Member shall not, without the prior written approval of SGX-ST, make any unsecured loan or advance, pay any dividend or director's fees or increase any director's remuneration if:

(a) in the case where the Trading Member is incorporated in Singapore:
(i) its base capital is less than the base capital requirement as prescribed in Rules 3.2 and 3.5;
(ii) its financial resources is less than 150% of its total risk requirement;
(iii) its aggregate indebtedness exceeds 600% of its aggregate resources; or
(iv) such a loan, advance, payment or increase will cause an event in Rule 3.15.5(a)(i), (ii) or (iii) to occur; or
(b) in the case where the Trading Member is incorporated outside Singapore:
(i) its net head office funds is less than the base capital requirement as prescribed in Rules 3.2 and 3.5;
(ii) its adjusted net head office funds is less than 150% of its total risk requirement;
(iii) its aggregate indebtedness exceeds 600% of its aggregate resources; or
(iv) such a loan, advance, payment or increase will cause an event in Rule 3.15.5(b)(i), or (iii) to occur.

Added on 3 June 2019.