Whole Section

  • 14.3 Disciplinary Action

    • 14.3.1

      If an investigation or inspection reveals that a Trading Member, any of its Directors, Trading Representatives, Officers, employees or agents has breached any Rule or Directive, SGX-ST may take any of the following forms of disciplinary action, namely:

      (1) to charge the Trading Member or an Approved Executive Director (or both) before the Disciplinary Committee;
      (2) to make an offer of composition to the Trading Member or an Approved Executive Director (or both) if the Rule violation is indicated in the third column of Schedule A as a compoundable Rule violation; or
      (3) to issue a letter of warning to the Trading Member or an Approved Executive Director (or both).

      Amended on 16 May 201116 May 2011.

    • 14.3.2

      If an investigation or inspection reveals that a Trading Representative may have breached any Rule or Directive, SGX-ST may take any of the following forms of disciplinary action, namely:

      (1) to charge the Trading Representative before the Disciplinary Committee;
      (2) to make an offer of composition to the Trading Representative, if the Rule violation is indicated in the third column of Schedule A as a compoundable Rule violation; or
      (3) to issue a letter of warning to the Trading Representative.

      Amended on 16 May 201116 May 2011.

    • 14.3.3

      If the Trading Member, Approved Executive Director or Trading Representative does not accept the offer of composition or comply with the terms of the composition within the stipulated time as prescribed by SGX-ST, SGX-ST may refer the said Trading Member, Approved Executive Director or Trading Representative to the Disciplinary Committee.

      Added on 16 May 201116 May 2011.