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

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  • 15.4 Separation of Research Activities

    • 15.4.1

      A Trading Member's research activities must be separate from its dealing, corporate finance and back office operations. Separation means at least having the following:—

      (1) separate reporting lines in place between the research activities and the other activities;
      (2) adequate restriction of communication and information flow between the research activities and the other activities to avoid influencing research activities;
      (3) adequate procedures to avoid any conflict of interest that may arise from the research activities and the other activities; and
      (4) bonus, salary or other form of compensation to a research analyst not being based on any corporate finance or dealing transaction.

    • 15.4.2

      A Trading Member must implement any procedure, Directive or recommendation by SGX-ST.