Schedule A

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Futures Trading Rules

Schedules

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]

2.1.2(b)

[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.

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.

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.

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.

2.1.2(1)(f)

Member to assist the Exchange in any investigation on Direct Market Access in respect of potential violations

Not Compoundable

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.

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.

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.

2.1.2A(1)(b)

Member to show Sponsored Access record when requested

Not Compoundable

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.

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.

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.

2.1.2AB(a)

Exchange to direct Member to suspend or terminate Direct Market Access

Not Compoundable

N.A.

$10,000

2.1.2AB(b)

Member to have ability to suspend or terminate Direct Market Access

Not Compoundable

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.

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.

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.

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.

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

$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.

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.

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.

2.5.4

Member to comply with additional financial, capital and other requirements imposed by the Exchange or the Clearing House

Not Compoundable

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.

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.

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.

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

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.

2.5.6B(b)

Bank Trading Member to comply with directions of the Exchange in respect of its business activities

Not Compoundable

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

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

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

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.

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.

2.6.2

Member to have measures for security arrangements on Direct Market Access

Not Compoundable

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.

2.6.2

Corporate Member to have security arrangements in place to ensure that unauthorised persons are denied Direct Market Access

Not Compoundable

N.A.

$10,000

2.6.3

[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.

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.

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.

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.

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.

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.

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.

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.

2.6.4

[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.

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.

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.

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.

2.6.4(b)

Member not to make false or misleading entries

Not Compoundable

N.A.

$10,000

2.6.4(c)

Member to make all material entries in any document

Not Compoundable

N.A.

$10,000

2.6.4(d)

Member not to alter or destroy any documents

Not Compoundable

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

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.

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.

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.

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.

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.

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.

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.

Member's emergency person must be contactable at all times

Compoundable

$500

$1,000

$2,000

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.

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.

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.

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.

2.8

[deleted]

2.8.1(d)

[deleted]

2.8.1(e)

[deleted]

2.8.1(f)

[deleted]

2.8.1(g)

[deleted]

2.8.1(h)

[deleted]

2.8.4

[deleted]

2.8.6(a)

[deleted]

2.8.6(b)

[deleted]

2.8.6(c)

[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.

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.

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.

$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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

N.A.

$10,000

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

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.

3.2.3A

r/w Regulatory Notice

Member to comply with such reporting and/or other requirements pertaining to specific Contracts as may be prescribed by the Exchange

Compoundable

$2,000 – $4,000

$4,000 – $7,000

$7,000 – $10,000

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.

3.2.5

Member not to carry on business on any market if prohibited by the Exchange

Not Compoundable

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.

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.

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.

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.

3.3.2

Member to comply with management approval requirement for opening customer accounts

Compoundable

$500

$1,000

$2,000

N.A.

3.3.3

Member to obtain written acknowledgement of Risk Disclosure Statement for matters set out in Rules 3.3.3(b)(i), (b)(ii) and/or (b)(iii).

Not Compoundable

N.A.

$10,000.

Member to obtain written acknowledgement of Risk Disclosure Statement as prescribed under Rule 3.3.3(b)(iv) read with Regulatory Notice 3.3.3.

Compoundable

$2,000 – $4,000

$4,000 – $7,000

$7,000 – $10,000

N.A.

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.

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.

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.

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.

$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.

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.

$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.

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

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.

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.

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.

Member to comply with additional requirements prescribed by the Exchange¹¹

Not Compoundable

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

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.

Member to comply with additional requirements prescribed by the Exchange¹²

Not Compoundable

N.A.

$10,000

3.3.11

Member not to trade or accept any Customer's monies or assets after insolvency

Not Compoundable

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.

3.3.13

[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.

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.

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.

3.3.17

Member to comply with the requirements for reporting of account identity

Compoundable

$500

$1,000

$2,000

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.

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.

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.

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.

Member to comply with the orders of the Exchange in the event of an Omnibus Account Holder's failure to disclose

Not Compoundable

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.

3.3.22

Member to produce audit trail of transactions when requested by the Exchange

Not Compoundable

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.

3.3.23(b)

Member to keep data and records for the minimum period prescribed by the relevant law and regulatory requirements

Not Compoundable

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

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

$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

$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

$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.

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.

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.

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.

Member to comply with the directions of the Exchange thereafter

Not Compoundable

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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

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.

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.

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.

Compoundable

$500

$1,000

$2,000

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

$30,000

3.4.2

Member, Approved Trading or Registered Representative not to engage in churning

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

$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.

3.4.4

Member, Approved Trader or Registered Representative to immediately inform Exchange of prohibited trading practices

Not Compoundable

$10,000

3.4.5

Member, Approved Trader or Registered Representative not to disseminate false or misleading information

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

$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

$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

$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

$30,000

3.4.6(e)

Member, Approved Trader or Registered Representative not to refuse to comply with a final arbitration award

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

$30,000

3.4.6(h)

Member, Approved Trader or Registered Representative not to act in a dishonourable or uncommercial manner

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

$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

$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

$10,000

3.4.6(l)

Member, Approved Trader or Registered Representative not to alter or destroy any books, records, reports, etc

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

$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

$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

$10,000

3.4.7

Member, Approved Trader or Registered Representative not to disclose orders

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

$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

$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.

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

$10,000

3.4.13

Member, Approved Trader or Registered Representative not to engage in front running

Not Compoundable

$10,000

3.4.14

Member, Approved Trader or Registered Representative not to knowingly trade against Customers' orders

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

$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

N.A.

$10,000

Added on 16 May 2011 16 May 2011 and amended on 16 July 2012 16 July 2012, 15 March 2013 15 March 2013, 1 April 2014 1 April 2014, 29 December 2014 29 December 2014, 25 January 2017 25 January 2017 and 22 November 2021.

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.

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.

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

$10,000

4.1.10

Member or Approved Trader to comply with the requirements relating to cross trades

Not Compoundable

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

N.A.

$10,000

4.1.17A

Member to provide information as and when requested by the Exchange

Compoundable

$2,000 – $4,000

$4,000 – $7,000

$7,000 – $10,000

N.A.

4.1.18A

Member to comply with enforcement instructions upon notification by the Exchange

Compoundable

$2,000 – $4,000

$4,000 – $7,000

$7,000 – $10,000

N.A.

Added on 16 May 2011 16 May 2011 , amended on 19 September 2016 19 September 2016 and 3 August 2020.

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

N.A.

$10,000

5.1.2

Member to mitigate risk of non-delivery

Not Compoundable

N.A.

$10,000

5.1.3

General Trading Member not to finance Performance Deposits or other Escrow Assets

Not Compoundable

N.A.

$10,000

5.1.5

Member not to default on delivery

Not Compoundable

N.A.

$10,000

Added on 16 May 2011 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

N.A.

$10,000

6.2.4

Member to cause its Customers to submit to Arbitration

Not Compoundable

N.A.

$10,000

Added on 16 May 2011 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

$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

$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

$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

$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

$10,000

7.4.6

Member, Approved Trader or Registered Representative to provide information as required by the Exchange

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

$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

$10,000

Added on 16 May 2011 16 May 2011.