7.9 Appeals Committee
7.9.1 Composition of Appeals Committee
The Appeals Committee shall comprise persons appointed by the SGX RegCo Board and approved by MAS provided that:(a) the Appeals Committee shall not have a member who is, or who within three years of the proposed appointment date was, a director, officer or employee of:(i) Singapore Exchange Limited; or(ii) any of Singapore Exchange Limited's Related Corporations;(b) a majority of the Appeals Committee shall not be directors, officers or employees of any member of Singapore Exchange Limited or Singapore Exchange Limited's subsidiaries; and(c) a majority of the Appeals Committee shall not be substantial shareholders of Singapore Exchange Limited or directors, officers or employees of any substantial shareholder of Singapore Exchange Limited.
7.9.2 Chairman and Deputy Chairman of the Appeals Committee
The SGX RegCo Board shall appoint the chairman and deputy chairman of the Appeals Committee. In the absence of the chairman, the deputy chairman will have all the powers of the chairman.
7.9.5 Powers of the Appeals Committee
The powers of the Appeals Committee include:(a) all the powers of the Disciplinary Committee;(b) varying the sanctions imposed by the Disciplinary Committee, and overturning, varying or upholding any decision or specific findings of the Disciplinary Committee;(c) hearing and deciding appeals in accordance with this Rules; and(d) dealing with such other matters as the SGX RegCo Board refers to it (either generally or in a particular case).
A failure to comply with any Sanction imposed by the Appeals Committee constitutes a breach of these Rules.