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
Chapter 1 General Matters
Chapter 2 Access and Membership
Chapter 3 Conduct of Members, Approved Traders and Representatives
Chapter 4 Listing and Trading of Contracts
Chapter 5 Physical Delivery
Chapter 6 Dispute Resolution and Arbitration
Chapter 7 Adverse Events, Rule Violations and Disciplinary Action
7. Overview of Adverse Events, Rule Violations and Disciplinary Action
Chapter 8 Definitions and Interpretation
Chapter 9 Transitional Provisions
Regulatory Notices
Practice Notes
Schedules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Archive
Rule Amendments

BackText onlyPrint

You need the Flash plugin.

Download Macromedia Flash Player



  • 7.1 Adverse Events and Rule Violations

    • 7.1.1 Adverse Events

      The Exchange may exercise any of the powers set forth in Rule 7.3 if any of the following events occur, which adversely impacts on a Member, Approved Trader or Registered Representative's ability to meet its obligations under this Rules (collectively, "Adverse Events"):

      (a) an Emergency;
      (b) a Delivery Default;
      (c) Force Majeure;
      (d) the Clearing House declares an event of default against a Clearing Member as contemplated in Rule 7A.06.5.1 of the Clearing Rules;
      (e) a Member, Approved Trader or Registered Representative is charged before a disciplinary body in any other exchange or regulated market or charged in any court of law in relation to market misconduct;
      (f) a Member, Approved Trader or Registered Representative who trades in non-Exchange instruments such as over-the-counter instruments, foreign exchange instruments or other instruments, whether onshore or offshore, suffers an adverse event which impacts on the Member's ability to meet its financial obligations to the Exchange; or
      (g) any other event which, in the Exchange's opinion, materially impacts or is likely to materially impact on a Member, Approved Trader or Registered Representative's ability to meet its obligations under this Rules.

      Amended on 7 August 2012.

    • 7.1.2 Rule Violations

      All Rule Violations are chargeable before the Disciplinary Committee in accordance with the procedures set forth in this Rules. Rule Violations may also result in the exercise of various powers of the Exchange as set forth in Rule 7.2.

    • 7.1.3 Concurrent Occurrence of Adverse Events and Rule Violations

      An Adverse Event and a Rule Violation are not mutually exclusive and both events may occur concurrently such that any of the Exchange's powers set forth in Rules 7.2 and 7.3 may be invoked.

    • 7.1.4 Rule Violation by Approved Trader or Registered Representative to be deemed Rule Violation by Sponsoring Corporate Member

      Any Rule Violation by any Approved Trader or Registered Representative shall also be deemed to be a Rule Violation by the sponsoring corporate Member for the purpose of proceedings before the Disciplinary Committee. If an Approved Trader or a Registered Representative suffers an Adverse Event, the sponsoring corporate Member shall be deemed to have suffered an Adverse Event.

    • 7.1.5 Notification Obligation

      A Member, Approved Trader or Registered Representative shall immediately notify the Exchange upon the occurrence or threatened occurrence of any Adverse Event or Rule Violation. Upon such notification the Exchange may exercise any of its powers set forth in Rules 7.2 and 7.3 as it deems fit.

    • 7.1.6 Notification of Exercise of Powers by the Exchange

      Except as otherwise provided under this Rules, the Exchange shall:

      (a) notify MAS or any other relevant regulatory body before it exercises any of its powers in relation to an Emergency; and
      (b) notify the Member, Approved Trader or Registered Representative concerned in writing before it exercises any of its powers under this Chapter.

    • 7.1.7 Public Announcement by Exchange

      The Exchange shall notify all Members, Approved Traders, Registered Representatives and the general public via Circulars of the outcome of any proceedings before the Disciplinary Committee or Appeals Committee.