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
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

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  • Schedule A

    • Chapter 2 — Access and Membership

      Rule Violation Whether composition may be offered Composition Amount which may be Offered by the Exchange, where the Exchange has Determined the Member, Approved Trader and/or Registered Representative to be Liable Mandatory minimum penalty imposable by the DC
      Rule Chapter/Number Brief Description of Rule Members Approved Traders Registered Representatives
      1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation
      Chapter 2 — Access and Membership
      2.1 Access and Trading
      2.1.2(a) [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
      2.1.2(b) [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
      2.1.2(1)(a) Member to have measures covering minimum standards for Direct Market Access Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.1.2(1)(b) Member to have measures covering procedures on Direct Market Access for relevant persons Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.1.2(1)(c) Member to have measures providing information on access and applicable laws for Direct Market Access Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.1.2(1)(d) Member to have measures for legally binding agreement on Direct Market Access Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.1.2(1)(f) Member to assist the Exchange in any investigation on Direct Market Access in respect of potential violations Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      2.1.2(2) Member to have conditions restricting who can delegate Direct Market Access and to have conditions passed to other persons via legally binding agreement Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.1.2(3) Member to provide report by independent reviewer Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.1.2A(1)(a) Member to keep a Sponsored Access record Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.1.2A(1)(b) Member to show Sponsored Access record when requested Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      2.1.2A(1)(c) Member to have measures on specific requirements for Sponsored Access Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.1.2A(2)(a) Member to have measures to assure status of Sponsored Access customer that delegates Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.1.2A(2)(b) Member to have measures on specific requirements relating to delegation of Sponsored Access Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.1.2AB(a) Exchange to direct Member to suspend or terminate Direct Market Access Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      2.1.2AB(b) Member to have ability to suspend or terminate Direct Market Access Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      2.1.3 Persons accessing Partner Markets to comply with the applicable rules, laws and regulations governing trading in the Partner Market Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
      2.1.4(b) Member that holds a licence specified in Rule 2.4.1(b) not to execute Agency Trades for Customers domiciled in Singapore Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.2 Classes of Membership
      2.2.2 Trading Member to observe this Rules and any requirements prescribed by the Exchange [Unless otherwise specified in this Schedule]
      Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.2.3 Clearing Member to observe this Rules, the Clearing Rules and any requirements as prescribed by the Exchange or the Clearing House [Unless otherwise specified in this Schedule or Schedule A to the Clearing Rules]
      Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.3 Admission Criteria for Members
      2.3.2(b) Member to notify the Exchange at the time of submission of its application for concurrent membership in another exchange Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.4 Licensing and Credit Rating Requirements for Members, their Employees and Agent
      2.4.1 General Trading Member, and its employees and agents to procure and maintain requisite licenses and satisfy licensing requirements for engaging in regulated activity Not Compoundable Not Compoundable $10,000
      2.5 Financial Requirements for Members
      2.5.2(b) General Trading Member that holds a licence to engage in a Regulated Activity to comply with financial requirements Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.5.2(b1)7 General Trading Member that holds a licence specified in Rule 2.4.1(b) to comply with financial requirements Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.5.2(c) Bank Trading Members to comply with financial requirements Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.5.4 Member to comply with additional financial, capital and other requirements imposed by the Exchange or the Clearing House Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      2.5.5 Corporate Member to comply with the prescribed calculation of Financial Resources Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.5.6(a) General Member to immediately notify the Exchange of material changes to Financial Resources and Adjusted Net Head Office Funds Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.5.6A(a)8 General Trading Member that holds a licence specified in Rule 2.4.1(b) to immediately notify the Exchange if it fails to meet or becomes aware that it will fail to meet Base Capital and Financial requirements Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.5.6A(b)9 General Trading Member that holds a licence specified in Rule 2.4.1(b) to comply with directions of the Exchange in respect of its business activities Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      2.5.6B(a) Bank Member to immediately notify the Exchange if it fails to meet or becomes aware that it will fail to meet Capital and Financial requirements Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A.
      2.5.6B(b) Bank Trading Member to comply with directions of the Exchange in respect of its business activities Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      2.5.6(b) Corporate Member to comply with requirements described under Regulation 7(3) of the Financial and Margin Requirements, imposed by the Exchange. Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      2.5.6(c) Corporate Member to comply with directions of the Exchange on the submission of statements or operation of business. Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      2.5.6(d) General Trading Member to comply with the requirements described in Regulation 17(2) of the Financial and Margin Requirements, imposed by the Exchange. Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      2.5.7 General Trading Member to comply with requirements relating to preference shares, unsecured loans & others Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.6 Technical Matters & Risk Management Controls
      2.6.1 Member to comply with other requirements or restrictions prescribed by Exchange Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.6.2 Member to have measures for security arrangements on Direct Market Access Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      2.6.2A r/w Regulatory Notice Member to ensure that systems and connections to the Markets operate properly Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.6.2 Corporate Member to have security arrangements in place to ensure that unauthorised persons are denied Direct Market Access Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      2.6.3 [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
      2.6.3(1)(a) Corporate Member to monitor credit risks from acceptance of orders at least daily Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.6.3(1)(b) Corporate Member to monitor account activity on an intraday basis Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.6.3(1)(c) Corporate Member to have automated pre-execution checks on orders and appropriate internal controls Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.6.3(1)(d) Corporate Member to have error prevention alerts on orders Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.6.3(1)(e) Corporate Member to define and manage sources of liquidity Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.6.3(1)(f) Corporate Member to limit the impact of significant market movements Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.6.3(1)(g) Corporate Member to maintain a strict separation between credit control, trading, dealing and marketing departments Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.6.3(2) Corporate Member to have automated processes to monitor capital requirements and prudential limits Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.6.4 [deleted [deleted [deleted [deleted [deleted [deleted [deleted [deleted [deleted [deleted [deleted [deleted
      2.6.4(a) Member to maintain complete and accurate records in accordance with the Rules Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      Member to comply with such requirements prescribed by the Relevant Regulatory Authority Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      Member to notify Exchange of changes to requirements prescribed by the Relevant Regulatory Authority Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      Member to comply with additional requirements prescribed by the Exchange10 Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.6.4(b) Member not to make false or misleading entries Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      2.6.4(c) Member to make all material entries in any document Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      2.6.4(d) Member not to alter or destroy any documents Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      2.6.4(e) Member to make records available to the Exchange at such time as the Exchange requires Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      2.6.5 Corporate Member to comply with accounting, reporting and book-keeping requirements Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.6.6(a) Member to assess its business and operational risks and maintain adequate business continuity arrangements Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.6.6(b) Member to document its business continuity arrangements in a business continuity plan Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.6.6(c) Member to demonstrate awareness of risks, mitigating measures and state of readiness by way of attestation to the Board of Directors Compoundable $500 $1,000 $2,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      Member to comply with such requirements prescribed by the Relevant Regulatory Authority and principles of good business practice Compoundable $500 $1,000 $2,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.6.6(d) Member to review and test its business continuity plan regularly Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.6.6(e) Member to appoint emergency contact persons and furnish the contact information to the Exchange Compoundable $500 $1,000 $2,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      Member's emergency person must be contactable at all times Compoundable $500 $1,000 $2,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      Member must notify the Exchange in the event of emergencies Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.7 Fit and Proper Requirements
      2.7.1 Corporate Member to demonstrate appointment of fit and proper persons as Directors, Chief Executive Officer and other specified personnel Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.7.2 Corporate General Trading Member to obtain the prior approval of the Exchange for appointment of CEO & Deputy CEO Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.7.3 Bank Trading Member to notify the Exchange of appointment of CEO & Deputy CEO, within the specified time Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.8 [deleted]
      2.8.1(d) [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
      2.8.1(e) [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
      2.8.1(f) [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
      2.8.1(g) [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
      2.8.1(h) [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
      2.8.4 [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
      2.8.6(a) [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
      2.8.6(b) [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
      2.8.6(c) [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
      2.13 Registration of Approved Traders & Registered Representatives
      2.13.1 Member to register Approved Traders and Registered Representatives Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.13.2 Approved Trader to register with the Exchange Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A. N.A. N.A. N.A.
      2.13.3 Registered Representatives to register with the Exchange Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
      2.13.6 Member to notify the Exchange of specified occurrences Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.13.7A Member to nofity the Exchange of specified occurrences Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.14 Change of Control of Members
      2.14.1(a) Corporate Member to notify the Exchange of change in ownership Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.14.1(b) Corporate Member to notify the Exchange of changes which may alter the control of the Member Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.14.1(c) Corporate Member to notify the Exchange of change in director Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.14.1(d) Corporate Member to notify the Exchange of the death or bankruptcy of a director Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.14.1(e) Corporate Member to notify the Exchange of any change in senior management Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.14.1(f) Corporate Member to notify the Exchange of any alteration to constitutive documents Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.14.1(g) Corporate Member to notify the Exchange of any engagement or involvement in any new business or change in business Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.14.1(h) Corporate Member to notify the Exchange of any change in name Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      2.15 Registration, Suspension & Termination of Members
      2.15.4(a) Member to comply with the directions of the Exchange if trading privileges are suspended or terminated Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000

      Added on 16 May 2011 and amended on 15 March 2013, 1 April 2014 and 22 April 2019.

    • Chapter 3 — Conduct of Members, Approved Traders and Representatives

      Rule Violation Whether composition may be offered Composition Amount which may be Offered by the Exchange, where the Exchange has Determined the Member, Approved Trader and/or Registered Representative to be Liable Mandatory minimum penalty imposable by the DC
      Rule Chapter/Number Brief Description of Rule Members Approved Traders Registered Representatives
      1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation
      Chapter 3 — Conduct of Members, Approved Traders and Representatives
      3.2 Duties Applicable to All Members, Approved Traders & Registered Representatives
      3.2.1 Members, Approved Traders and Registered Representatives to observe general duties of integrity, fair dealing and care Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
      3.2.2 Corporate Member to ensure that constitutive documents conform to this Rules Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.2.3 Member to immediately report change in Member's circumstances [Unless otherwise specified in this Schedule]
      Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.2.4 Member to immediately inform the Exchange of the stipulated events Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.2.5 Member not to carry on business on any market if prohibited by the Exchange Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      Member to comply with the rules and regulations of other markets on which a Member carries on business Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.2.6 Member to promptly settle all margin liabilities Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.2.7 Member not to carry speculative long and short positions for the same Contract Month Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.2.8 Member, Approved Trader and Registered Representative to comply with advertising guidelines Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
      3.3 Duties of Members Undertaking Agency Trades
      3.3.1 Member to comply with customer account & Know-Your-Customer Requirements Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.2 Member to comply with management approval requirement for opening customer accounts Compoundable $500 $1,000 $2,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.3 Member to obtain Risk Disclosure Statement Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000.
      3.3.4 Member to execute orders only upon receipt from a Customer, unless otherwise authorised by the Customer Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.5 Member to provide Internet Trading Customers with adequate information, guidance and training with respect to the stipulated matters Compoundable $500 $1,000 $2,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.6 Member to accept orders only via Registered Representatives Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.7 Member or Registered Representative not to accept orders without executing them. Approved Trader to execute orders in accordance with the applicable rules Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
      3.3.8 Registered Representative to immediately record an order, amendment or cancellation on an Order Form, or in the manner prescribed by the Relevant Regulatory Authority, as applicable, unless immediately entered by an Approved Trader Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
      Member to notify Exchange of changes to requirements prescribed by the Relevant Regulatory Authority Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      Registered Representative to comply with additional requirements prescribed by the Exchange Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
      3.3.8A Member to have in place processes to prevent unauthorised changes to order info Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.9 Member to comply with the Conduct of Business Regulations or such requirements prescribed by the Relevant Regulatory Authority, as applicable, in respect of statement of accounts and contract notes Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      Member to provide statement of account and contract note at Exchange's request Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      Member to obtain prior consent or to comply with such requirements prescribed by the Relevant Regulatory Authority, as applicable, for electronic issuance of statement of account or contract note Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      Member to notify Exchange of changes to requirements prescribed by the Relevant Regulatory Authority Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      Member to comply with additional requirements prescribed by the Exchange11 Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      3.3.10 Member to meet the stipulated fiduciary obligations to its Customers and to comply with segregation requirements under the SFA and Conduct of Business Regulations or to comply with segregation requirements prescribed by the Relevant Regulatory Authority, as applicable Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      Member to notify Exchange of changes to requirements prescribed by the Relevant Regulatory Authority Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      Member to comply with additional requirements prescribed by the Exchange12 Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      3.3.11 Member not to trade or accept any Customer's monies or assets after insolvency Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      3.3.12 Member to comply with the stipulated requirements in relation to customer margins Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.13 [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted] [deleted]
      3.3.14 Member to apply Inter-Exchange Cross Margining, only if the stipulated conditions are met Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.15 Member to comply with the requirements for the transfer of error trades to House Account Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.16 Member to enter into a give-up arrangement only if give-up agreement is executed and to comply with the stipulated requirements for unsuccessful give-up trades Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.17 Member to comply with the requirements for reporting of account identity Compoundable $500 $1,000 $2,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.18 Member to comply with the requirements for the reporting of open positions Compoundable $500 $1,000 $2,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.19 Member to comply with the requirements and procedures prescribed by the Exchange for Omnibus Accounts [Unless otherwise specified in this Schedule]
      Compoundable $500 $1,000 $2,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.20 Member to comply with limits on Omnibus Accounts imposed by the Exchange Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.21 Member to obtain the required disclosures from the Omnibus Account Holder Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      Member to comply with the orders of the Exchange in the event of an Omnibus Account Holder's failure to disclose Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      Member to ensure that Omnibus Account Holders are aware of this Rule 3.3.21 Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.22 Member to produce audit trail of transactions when requested by the Exchange Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      3.3.23(a) Member to ensure that data and records are made and kept in a way that is easily retrievable Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.23(b) Member to keep data and records for the minimum period prescribed by the relevant law and regulatory requirements Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      3.3.23(c) Member to make data and records available to the Exchange in a timely manner when requested Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      3.3.23A(a) Members, Approved Traders and Registered Representative s to maintain a register of securities in accordance with SFA Not Compoundable Not Compoundable $10,000
      3.3.23A(b) Members, Approved Traders and Registered Representative s to produce the register for inspection if requested by the Exchange Not Compoundable Not Compoundable $10,000
      3.3.23A(c) Members, Approved Traders and Registered Representative s to permit the Exchange to take extracts of the register Not Compoundable Not Compoundable $10,000
      3.3.24 Member to comply with all information technology and data security requirements Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.25 Member to issue unique ID tags & passwords Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.26 Member to make and keep as record, computations of financial & capital requirements Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.27 Member to submit financial statements or other infomration as required by the Exchange Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      Member to comply with the directions of the Exchange thereafter Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      3.3.28 Member to comply with the requirements relating to auditor certification of its accounts Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.29 Member to cause auditor to report the stipulated information to the Exchange Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.30 Member to satisfy the applicable approval or notification requirements in relation to any change of auditors Compoundable $500 $1,000 $2,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.31 General Trading Member not to act as guarantor Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      Member that holds a licence specified in Rule 2.4.1(b) to satisfy the notification requirements in relation to acting as guarantor Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.32(a) General Trading Member to satisfy the Other Operational Risk Requirement in respect of opening a Foreign Branch Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.32(b) General Trading Member to obtain the necessary approval from the Authority and the Exchange in respect of opening a Foreign Branch Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      3.3.32(c) General Trading Member to obtain approval from the regulator in the relevant foreign jurisdiction in respect of opening a Foreign Branch and to furnish documentation of such approval to the Exchange Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.32(d) General Trading Member to obtain approval from its, or its parent company's primary regulator in respect of opening a Foreign Branch and furnish documentation of such approval to the Exchange Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.32(e) General Trading Member to comply with any other requirements imposed by the Exchange on Foreign Branch Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.32(f) General Trading Member to ensure that activities of the Foreign Branch fall within the Regulated Activitities which the General Trading Member is authorised to conduct Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      3.3.32(g) General Trading Member to submit the required undertaking to the Exchange, in relation to its Foreign Branch Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.32(h) General Trading Member to conduct the necessary internal audit on th Foreign Branch and submit a copy of the internal audit report to the Exchange Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.3.33 Member that holds a licence specified in Rule 2.4.1(b) to comply with such requirements prescribed by the Relevant Regulatory Authority and principles of good business practice in relation to Rule 3.3.1, 3.3.4, 3.3.15 and 3.3.3113 Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      Member that holds a licence specified in Rule 2.4.1(b) to comply with such requirements prescribed by the Relevant Regulatory Authority and principles of good business practice in relation to Rule 3.3.2 and 3.3.514 Compoundable $500 $1,000 $2,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.4 Trading Practices & Conduct Rules of Members, Approved Traders & Registered Representatives
      3.4.1 Member, Approved Trader or Registered Representative not to manipulate the market Not Compoundable Not Compoundable $30,000
      3.4.2 Member, Approved Trading or Registered Representative not to engage in churning Not Compoundable Not Compoundable $30,000
      3.4.3 Member, Approved Trader or Registered Representative not to engage in false trading, bucketing, fraudulent inducement to trade or employment of fraudulent device Not Compoundable Not Compoundable $30,000
      3.4.3A Member to have to have in place processes to review orders and trades for suspicious trading behaviour Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.4.4 Member, Approved Trader or Registered Representative to immediately inform Exchange of prohibited trading practices Not Compoundable Not Compoundable $10,000
      3.4.5 Member, Approved Trader or Registered Representative not to disseminate false or misleading information Not Compoundable Not Compoundable $30,000
      3.4.6(a) Member, Approved Trader or Registered Representative not to permit the use of the Member's facilities or privileges by any other person in the stipulated manner Not Compoundable Not Compoundable $30,000
      3.4.6(b) Member, Approved Trader or Registered Representative not to engage in conduct which impairs dignity of the good name of the Exchange. Not Compoundable Not Compoundable $10,000
      3.4.6(c) Member, Approved Trader or Registered Representative not to commit acts substantially detrimental to the interest of Exchange Not Compoundable Not Compoundable $10,000
      3.4.6(d) Member, Approved Trader or Registered Representative not to refuse to comply with an order of the Exchange or the Disciplinary Committee or Appeals Committee Not Compoundable Not Compoundable $30,000
      3.4.6(e) Member, Approved Trader or Registered Representative not to refuse to comply with a final arbitration award Not Compoundable Not Compoundable $30,000
      3.4.6(f) Member, Approved Trader or Registered Representative to answer Customers' complaints promptly and in appropriate detail Compoundable $500 $1,000 $2,000 $250 $500 $1,000 $250 $500 $1,000 N.A.
      3.4.6(g) Member, Approved Trader or Registered Representative not to commit fraudulent or dishonest act or any act of bad faith Not Compoundable Not Compoundable $30,000
      3.4.6(h) Member, Approved Trader or Registered Representative not to act in a dishonourable or uncommercial manner Not Compoundable Not Compoundable $10,000
      3.4.6(i) Member, Approved Trader or Registered Representative not to make a material misstatement to the Exchange or Disciplinary Committee or Appeals Committee or in any information supplied to Exchange Not Compoundable Not Compoundable $20,000
      3.4.6(j) Member, Approved Trader or Registered Representative not to make or cause to be made a false or misleading entry into books, records, etc Not Compoundable Not Compoundable $10,000
      3.4.6(k) Member, Approved Trader or Registered Representative not to omit to make material entry in any books, records, reports, etc Not Compoundable Not Compoundable $10,000
      3.4.6(l) Member, Approved Trader or Registered Representative not to alter or destroy any books, records, reports, etc Not Compoundable Not Compoundable $10,000
      3.4.6(m) Member, Approved Trader or Registered Representative not to use or reveal confidential information obtained by reason of participating in an investigative proceeding or hearing Not Compoundable Not Compoundable $10,000
      3.4.6(n) Member, Approved Trader or Registered Representative not to refuse to appear before the Exchange or the Disciplinary Committee or Appeals Committee at a hearing or in connection with any investigation. Not Compoundable Not Compoundable $10,000
      3.4.6(o) Member, Approved Trader or Registered Representative not to refuse to fully answer all questions or produce books and records at any audit, hearing or investigation Not Compoundable Not Compoundable $10,000
      3.4.7 Member, Approved Trader or Registered Representative not to disclose orders Not Compoundable Not Compoundable $10,000
      3.4.8 Member, Approved Trader or Registered Representative not to enter bids and offers other than in good faith Not Compoundable Not Compoundable $10,000
      3.4.9 Member, Approved Trader or Registered Representative not to engage in the prohibited acts in relation to fictitious transactions without change in ownership Not Compoundable Not Compoundable $10,000
      3.4.10 Member not to execute any trade beyond any limits imposed and to comply with the prescribed requirements relating to overtrading Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      3.4.11 Member, Approved Trader or Registered Representative not to knowingly take advantage of an error Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
      3.4.12 Member, Approved Trader or Registered Representative not to be convicted of any offence relating to fraud, any act of bad faith, dishonest, dishonourable or uncommercial conduct Not Compoundable Not Compoundable $10,000
      3.4.13 Member, Approved Trader or Registered Representative not to engage in front running Not Compoundable Not Compoundable $10,000
      3.4.14 Member, Approved Trader or Registered Representative not to knowingly trade against Customers' orders Not Compoundable Not Compoundable $10,000
      3.4.15 Members, Approved Traders and Registered Representative s not to participate in any prohibited market conduct or in any insider trading Not Compoundable Not Compoundable $10,000
      3.5 Inspection and Audit
      3.5.2 Member to grant access to and cooperate with the Exchange in respect of inspections and audits Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000

      Added on 16 May 2011 and amended on 16 July 2012, 15 March 2013, 1 April 2014, 29 December 2014 and 25 January 2017.

    • Chapter 4 — Listing and Trading of Contracts

      Rule Violation Whether composition may be offered Composition Amount which may be Offered by the Exchange, where the Exchange has Determined the Member, Approved Trader and/or Registered Representative to be Liable Mandatory minimum penalty imposable by the DC
      Rule Chapter/Number Brief Description of Rule Members Approved Traders Registered Representatives
      1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation
      Chapter 4 — Listing and Trading of Contracts
      4.1 Rules Applicable to All Classes of Contracts Listed on the Markets
      4.1.7 Member not to combine outright orders from different principals and execute them as strategy transactions Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      4.1.8 r/w Regulatory Notice Member to comply with procedures relating to error trades Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
      4.1.9 Member, Approved Trader or Registered Representative not to withold or withdraw Customer's orders unless the specified conditions are met Not Compoundable Not Compoundable $10,000
      4.1.10 Member or Approved Trader to comply with the requirements relating to cross trades Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000
      4.1.11 r/w Regulatory Notice Member, Approved Trader or Registered Representative to comply with the thresholds and the requirements and procedures in relation to the registration of Negotiated Large Trades as provided in the Regulatory Notice and the Clearing Rules. Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
      4.1.12 Member, Approved Trader or Registered Representative to satisfy the conditions relating to the exchange of underlying for Futures Contracts Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
      4.1.13 Member or Approved Trader not to engage in pre-arranged trades Not Compoundable Not Compoundable N.A. N.A. N.A. $10,000

      Added on 16 May 2011 and amended on 19 September 2016.

    • Chapter 5 — Physical Delivery

      Rule Violation Whether composition may be offered Composition Amount which may be Offered by the Exchange, where the Exchange has Determined the Member, Approved Trader and/or Registered Representative to be Liable Mandatory minimum penalty imposable by the DC
      Rule Chapter/Number Brief Description of Rule Members Approved Traders Registered Representatives
      1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation
      Chapter 5 — Physical Delivery
      5.1 Title Documents and Physical Delivery Procedures
      5.1.1 Member to cooperate with Clearing Member to enable Clearing Member to effect delivery of Title Documents against payment Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      5.1.2 Member to mitigate risk of non-delivery Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      5.1.3 General Trading Member not to finance Performance Deposits or other Escrow Assets Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      5.1.5 Member not to default on delivery Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000

      Added on 16 May 2011.

    • Chapter 6 — Dispute Resolution and Arbitration

      Rule Violation Whether composition may be offered Composition Amount which may be Offered by the Exchange, where the Exchange has Determined the Member, Approved Trader and/or Registered Representative to be Liable Mandatory minimum penalty imposable by the DC
      Rule Chapter/Number Brief Description of Rule Members Approved Traders Registered Representatives
      1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation
      Chapter 6 — Dispute Resolution and Arbitration
      6.2 Dispute Resolution Involving Deliverable Commodity Futures Contracts
      6.2.3 Member not to fail or refuse to arbitrate where the other Member elects to arbitrate under the Rule. Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
      6.2.4 Member to cause its Customers to submit to Arbitration Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000

      Added on 16 May 2011.

    • Chapter 7 — Adverse Events, Rule Violations & Disciplinary Action

      Rule Violation Whether composition may be offered Composition Amount which may be Offered by the Exchange, where the Exchange has Determined the Member, Approved Trader and/or Registered Representative to be Liable Mandatory minimum penalty imposable by the DC
      Rule Chapter/Number Brief Description of Rule Members Approved Traders Registered Representatives
      1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation
      Chapter 7 — Adverse Events, Rule Violations & Disciplinary Action
      7.1 Adverse Events and Rule Violations
      7.1.5 Member, Approved Trader or Registered Representative to immediately notify the Exchange of any Adverse Event or Rule Violation Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 $1,000 – $3,000 $3,000 – $6,000 $6,000 – $8,000 N.A.
      7.2 Exchange's Disciplinary Powers
      7.2.3 Member, Approved Trader and Registered Representative to comply with restrictions or conditions imposed by the Exchange on its business Not Compoundable Not Compoundable $10,000
      7.2.4 Member, Approved Trader or Registered Representative to comply with restrictions on its activities imposed by the Exchange, where it has been charged Not Compoundable Not Compoundable $10,000
      7.3 Exchange's Powers upon Occurrence of Adverse Events
      7.3 Member, Approved Trader or Registered Representative to comply with the requirements of the Exchange upon the occurrence of an Adverse Event Not Compoundable Not Compoundable $10,000
      7.4 Investigations by the Exchange
      7.4.3 Member and its officers, Approved Trader or Registered Representative to cooperate with investigations Not Compoundable Not Compoundable $10,000
      7.4.4 Member, Approved Trader or Registered Representative not to wilfully make, furnish, or permit the making or furnishing of false or misleading information Not Compoundable Not Compoundable $10,000
      7.4.6 Member, Approved Trader or Registered Representative to provide information as required by the Exchange Not Compoundable Not Compoundable $10,000
      7.7 Disciplinary Committee Proceedings
      7.7.5(b) Person charged and sponsoring corporate Member not to disclose information received in relation to the charge and to give written undertaking to that effect Not Compoundable Not Compoundable $10,000
      7.10 Appeals Proceedings
      7.10.6(b) Person charged and sponsoring corporate Member not to disclose information received in relation to the charge and to give written undertaking to that effect Not Compoundable Not Compoundable $10,000

      Added on 16 May 2011.