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
3.13 Annual Financial Audit
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

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  • 3.13 Annual Financial Audit

    • 3.13.1

      A Trading Member shall:

      (a) 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
      (b) in the case of a Remote Trading Member, notify SGX-ST at least seven days prior to any change of its existing external auditor. The Remote Trading Member shall appoint external auditors that are accepted by its Relevant Regulatory Authority.

      Added on 3 June 2019.

    • 3.13.2

      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:

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

      Added on 3 June 2019.

    • 3.13.3

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

      (a) relevant forms in respect of its annual financial audit that the Trading Member is required to lodge with its Relevant Regulatory Authority, translated into English (if necessary), and as prescribed by SGX-ST. In the case of a Trading Member that 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);
      (b) audited accounts of the Trading Member and its subsidiaries;
      (c) a certificate in respect of its annual financial audit signed by the auditor appointed by the Trading Member to carry out such audit and stating in such form prescribed the Relevant Regulatory Authority.

      Added on 3 June 2019.

    • 3.13.4

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

      (a) of any matter that in his opinion adversely affects or may adversely affect the financial position of the Trading Member to a material extent;
      (b) of any matter that in his opinion constitute or may constitute a breach of the Securities and Futures Act, 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;
      (c) of any irregularity that has or may have a material effect upon the accounts, including irregularities that jeopardise the monies or other assets of any customer of the Trading Member; or
      (d) that the accounting system, internal accounting control and procedures for safeguarding monies or other assets are inadequate and the inadequacies have a material effect on the accounts,

      the auditor shall, and the Trading Member shall procure that the auditor shall, immediately report the matter to SGX-ST.

      Added on 3 June 2019.

    • 3.13.5

      A fee of S$200 may be imposed for each day that the statements are not submitted after the prescribed time or such extended time as SGX-ST may grant.

      Added on 3 June 2019.

    • 3.13.6

      Requests for extension of time shall be submitted to SGX-ST at least three Market Days prior to the due date.

      Added on 3 June 2019.