Rulebooks: Contents

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
8.11 Designated Instruments
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
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
Rule Amendments

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  • 8.11 Designated Instruments

    • 8.11.1

      SGX-ST may declare publicly a security or futures contract to be a "Designated Instrument" if, in its opinion, there has been manipulation of the security or futures contract (or its underlying), excessive speculation in the security or futures contract (or its underlying), or it is otherwise desirable in the interests of organised markets established or operated by SGX-ST.

      Refer to Practice Note 8.11.1.

      Added on 3 June 2019.

    • 8.11.2

      SGX-ST may impose any conditions it thinks fit on dealing or trading in a Designated Instrument. A condition applies from the date of declaration to all contracts of the Designated Instrument entered into on or after the date of declaration, or as indicated by SGX-ST. The conditions may include, but are not limited to, the following:

      (a) a requirement that Trading Members obtain margins from each customer in respect of the customer's dealing or trading in the Designated Instrument;
      (b) a restriction on dealing or trading in a Designated Instrument by a Trading Member if its outstanding contracts exceed 5% of the total issued shares or units of the relevant Issuer whose shares or units are designated or underlies the Designated Instrument, or any other percentage or benchmark that SGX-ST prescribes; or
      (c) a prohibition on any sale unless the seller holds the Designated Instrument, or in the case of a Designated Instrument that is a futures contract, the underlying. A seller holds a security, futures contract, or underlying if, at the time of sale, he has the security, futures contract or underlying in an account maintained with CDP, or delivers the share certificates and executed transfer forms to the Trading Member.

      Added on 3 June 2019.

    • 8.11.3

      A Trading Member must give SGX-ST particulars of all its dealings or trades in Designated Instruments and of the customers involved upon SGX-ST's request. The Trading Member must do so by the next business day after the request is made.

      Added on 3 June 2019.

    • 8.11.4

      SGX-ST may rescind or vary a declaration made under Rule 8.11.1 at any time. Any rescission or variation by SGX-ST will be made public.

      Added on 3 June 2019.