Regulatory Notice 3.2.3A — Reporting and Other requirements in relation to Dairy Contracts
|Issue Date||Cross Reference||Enquiries|
22 November 2021.
|Rule 3.2.3A||Please contact Member Supervision Officers or email email@example.com.|
1.1 This Regulatory Notice sets out additional reporting and other requirements in relation to Dairy Contracts (defined below).
1.2 For the purposes of this Regulatory Notice, “Dairy Contracts” refers to Contracts in relation to dairy products which are listed and traded on the SGX-DT Market
2 Submission of Information
2.1 Each Trading Member shall report to the Exchange if it fulfills the requirements of any of sub-paragraphs 2.1(a) or 2.1(b) below:
(a) It is resident or incorporated in New Zealand; or
(b) It is not resident or incorporated in New Zealand, and it is making offers of Dairy Contracts to retail investors (as defined under Section 6 of the New Zealand Financial Markets Conduct Act 2013) in New Zealand.
2.2 For the purposes of paragraph 2.1 above, the Dairy Contracts are considered to be offered in New Zealand if an offer is received by a person in New Zealand regardless of where any resulting issue or transfer occurs and regardless of where the issuer or offeror is resident, incorporated, or carries on business.
2.3 Each Trading Member shall report the information pursuant to paragraph 2.1 above to the Exchange within fourteen (14) calendar days of the effective date of this Regulatory Notice. Thereafter, any application for Trading Membership must include the information to be reported pursuant to paragraph 2.1 above.
2.4 Each Trading Member shall report to the Exchange any change to its circumstances previously reported pursuant to paragraph 2.1 above, within fourteen (14) calendar days of such change.
2.5 If a Trading Member fulfills either of the requirements in paragraph 2.1 above, it shall ensure that all trades of Dairy Contracts are cleared through one or more dedicated disclosed account(s) (i.e. not through an undisclosed Omnibus Account) under its relevant Clearing Member.