Versions

 

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.