Whole Section

  • 2.06A Reporting

    • 2.06A.1

      Except for a Bank Clearing Member, a Clearing Member must inform the Clearing House in writing immediately if it or any of its directors, officers, Registered Persons, employees, or agents:—

      2.06A.1.1 breaches the SFA, SFR or any other applicable laws;
      2.06A.1.2 breaches this Rules;
      2.06A.1.3 breaches any relevant law or regulation which governs that person's other business activities;
      2.06A.1.4 breaches the rules of any other exchange or clearing house;
      2.06A.1.5 breaches any provision involving fraud or dishonesty, whether in or out of Singapore;
      2.06A.1.6 breaches director's duties;
      2.06A.1.7 is the subject of a written complaint involving an allegation of fraud or dishonesty, whether in or out of Singapore;
      2.06A.1.8 is the subject of an investigation involving an allegation of fraud or dishonesty, whether in or out of Singapore;
      2.06A.1.9 is the subject of any disciplinary action taken by the Clearing Member involving suspension, termination, withholding of commissions, fines or any other significant limitation of activities;
      2.06A.1.10 engages in conduct that has the effect of circumventing the SFA, SFR, this Rules or any other applicable laws;
      2.06A.1.11 engages in conduct which is inconsistent with the principles of good business practice;
      2.06A.1.12 engages in conduct which is detrimental to the financial integrity, reputation or interests of the Clearing House, or clearing facilities established or operated by the Clearing House; or
      2.06A.1.13 is insolvent, or has been issued a bankruptcy or winding up proceeding.

      Amended on 27 March 200627 March 2006, 3 November 20103 November 2010 and 31 December 201331 December 2013.

    • 2.06A.2

      A Bank Clearing Member must inform the Clearing House immediately in writing if it or any of its director(s) who is(are) resident in Singapore and/or responsible for its business governed by this Rules, officers, Registered Persons, employees, or agents, in respect of its business governed by this Rules, :—

      2.06A.2.1 breaches the SFA or SFR;
      2.06A.2.2 breaches this Rules;
      2.06A.2.3 breaches the rules of any other exchange or clearing house;
      2.06A.2.4 breaches any provision involving fraud or dishonesty, whether in or out of Singapore;
      2.06A.2.5 breaches director's duties;
      2.06A.2.6 is the subject of a written complaint involving an allegation of fraud or dishonesty, whether in or out of Singapore;
      2.06A.2.7 is the subject of an investigation involving an allegation of fraud or dishonesty, whether in or out of Singapore;
      2.06A.2.8 is the subject of any disciplinary action taken by the Clearing Member involving suspension, termination, withholding of commissions, fines or any other significant limitation of activities;
      2.06A.2.9 engages in conduct that has the effect of circumventing the SFA, SFR or this Rules;
      2.06A.2.10 engages in conduct which is inconsistent with the principles of good business practice;
      2.06A.2.11 engages in conduct which is detrimental to the financial integrity, reputation or interests of the Clearing House, or clearing facilities established or operated by the Clearing House; or
      2.06A.2.12 is insolvent, or has been issued a bankruptcy or winding up proceeding.

      Added on 3 November 20103 November 2010.