Rulebooks: Contents

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
SGX-ST Rules
Section D — Regulatory Framework
Rule Amendments

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  • 11.11 Annual Financial Audit

    • 11.11.1

      A Trading Member shall:

      (1) in the case of a Trading Member that holds a Capital Markets Services Licence, obtain the written approval of SGX-ST in the event of any change of its existing external auditor; and
      (2) in the case of a Trading Member that holds a licence specified in Rule 4.1.1(1)(b), notify SGX-ST at least seven (7) days prior to any change of its existing external auditor. The Trading Member shall appoint external auditors that are accepted by its Relevant Regulatory Authority.

      Amended on 19 May 2014 and 29 December 2014.

    • 11.11.1A

      If SGX-ST is not satisfied with the performance of duties by an external auditor appointed by a Trading Member in relation to the Trading Member's activities on SGX-ST, it may:

      (i) at any time direct the Trading Member to remove the external auditor; and
      (ii) direct the Trading Member, as soon as practicable thereafter, to appoint another external auditor.

      Added on 19 May 2014.

    • 11.11.2

      A Trading Member shall, within 5 months after the close of the financial year, furnish to SGX-ST the following information:

      (1) relevant forms in respect of its annual financial audit which a Trading Member is required to lodge with its Relevant Regulatory Authority, translated into English, and as prescribed by SGX-ST. In the case of a Trading Member who holds a Capital Markets Services Licence, the forms shall be in the prescribed format under Regulation 27(9) of the SFR (Financial and Margin Requirements);
      (2) audited accounts of the Trading Member and its subsidiaries; and
      (3) a certificate in respect of its annual financial audit signed by the auditor appointed by the Trading Member to carry out such audit in such form prescribed by the Relevant Regulatory Authority.

      Amended on 12 October 2005, 19 May 2014, 29 December 2014, 8 October 2018 and 22 April 2019.

    • 11.11.3

      Where, in the performance of his duties, the Trading Member's auditor becomes aware:—

      (1) of any matter which in his opinion adversely affects or may adversely affect the financial position of the Trading Member to a material extent,
      (2) of any matter which in his opinion constitute or may constitute a contravention breach of any provision of the SFA or any other relevant applicable laws and regulatory requirements relating to the regulation of organised markets and licenced entities, or an offence involving fraud or dishonesty,
      (3) of any irregularity that has or may have a material effect upon the accounts, including irregularities that jeopardise the moneys or other assets of any customer of the Trading Member, or
      (4) that the accounting system, internal accounting control and procedures for safeguarding moneys or other assets are inadequate and the inadequacies have a material effect on the accounts,

      the auditor shall immediately report the matter to SGX-ST.

      Amended on 19 May 2014 and 8 October 2018.

    • 11.11.4

      (1) Where a Trading Member fails to submit the documents pursuant to Rule 11.11.2 within the specified time, there may be imposed upon that Trading Member a fee of $200 for each day that the statements are not submitted within the prescribed time, unless an extension of time has been granted.
      (2) Requests for extension of time shall be submitted to SGX-ST at least 3 Market Days prior to the due date.