Whole Section

  • 13.10 Order Entry Person

    • 13.10.1

      A Trading Member may appoint a person to enter orders on the Trading System on instructions given by a Trading Representative or team of Trading Representatives. A Trading Member must ensure that a Trading Representative is supported by no more than 1 order entry person. For avoidance of doubt, an order entry person who supports a Remisier must be appointed by a Trading Member.

      Amended on 3 April 20083 April 2008.

    • 13.10.2

      A Trading Member must ensure that the order entry person does not:—

      (1) deal in securities or trade in futures contracts;
      (2) exercise any discretion over the entry of orders;
      (3) give investment advice or make recommendations to customers;
      (4) accept instructions from customers;
      (5) communicate with customers regarding settlement; or
      (6) collect cash, cheques or share certificates on behalf of the Trading Member, designated Trading Representative(s) or customers.

      Amended on 3 April 20083 April 2008 and 8 October 20188 October 2018.

    • 13.10.3

      A Trading Member must provide SGX-ST with the name and identity card/passport number of the order entry persons appointed.

    • 13.10.4

      A Trading Member must inform SGX-ST in writing if an order entry person ceases to act. If possible, at least 7 days prior notice should be given.