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
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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  • 11.1 Cancellation of Contracts

    • 11.1.1

      A contract made on SGX-ST can only be cancelled in accordance with this Rule 11. A contract will not be cancelled merely because of the occurrence of one or more of the following circumstances:

      (a) delivery fails;
      (b) payment is not made on delivery; or
      (c) the share registrar refuses to register a transfer.

      Added on 3 June 2019.

    • 11.1.2

      SGX-ST may cancel a contract in any of the following circumstances:

      (a) if the contract arises from an Error Trade (as defined in Rule 11.2.1) and:
      (i) the Trading Members to the contract agree to the cancellation; or
      (ii) SGX-ST is satisfied that the contract should be cancelled;
      (b) the contract arises from a Trade at Close and subsequent to the trade, SGX-ST:
      (i) invalidates the Closing Auction Price on which the trade is based; or
      (ii) determines an alternate closing price for the security;
      (c) if there is prima facie evidence of fraud or wilful misrepresentation in relation to the contract; or
      (d) in SGX-ST's opinion, it is desirable to cancel the contract to protect the financial integrity, reputation or interests of the markets established or operated by SGX-ST.

      Added on 3 June 2019 and 3 June 2019.

    • 11.1.3

      SGX-ST may impose any conditions it thinks appropriate for or in relation to the cancellation of a contract.

      Added on 3 June 2019.

    • 11.1.4

      SGX-ST may reprimand or impose a fine not exceeding S$2,000 on a Trading Representative and/or the Trading Member who caused a contract to be cancelled under Rule 11.1.2.

      Added on 3 June 2019.

    • 11.1.5

      An action under this Rule is in addition to other actions which SGX-ST is entitled to take against the Trading Representative or Trading Member.

      Added on 3 June 2019.