Whole Section

  • 1.10 Indemnity

    • 1.10.1

      Each Registered Person indemnifies each of SGX-ST, its related companies, SGX RegCo, any person or entity referred to under Rule 1.7, and their respective Directors, Officers, employees and agents ("Indemnified Persons") against any loss or liability incurred or suffered by an Indemnified Person where such loss or liability arose out of or in connection with:

      (a) any breach by the Registered Person of its obligations under the Rules; or
      (b) any wilful, unlawful, reckless or negligent act or omission by the Registered Person.

      Added on 3 June 20193 June 2019.

    • 1.10.2

      Without prejudice to the generality of Rule 1.10.1, in the event that any legal, arbitration or other proceedings are brought to impose any liability on all or any of the Indemnified Persons for an alleged failure on the part of any Indemnified Person to prevent or to require action by a Registered Person or any of its Directors, Officers, representatives (including without limitation Trading Representatives), employees or agents, the Registered Person shall reimburse the relevant Indemnified Person for:

      (a) all expenses and legal fees incurred by or on behalf of the Indemnified Person in connection with such proceedings;
      (b) any payment made by or on behalf of the Indemnified Person with the approval of the Registered Person in connection with any settlement of such proceedings; and
      (c) any payment made by or on behalf of the Indemnified Person as a result of any order, award or judgment made in such proceedings,

      and the Registered Person shall render such co-operation as the Indemnified Person reasonably requires in respect of such proceedings including without limitation the production of any document or records.

      Added on 3 June 20193 June 2019.

    • 1.10.3

      Without prejudice to Rule 1.10.2, the Registered Person shall pay to an Indemnified Person, if the Indemnified Person so requires, the costs incurred by or on behalf of the Indemnified Person of producing or obtaining, pursuant to a court order or other legal process, records relating to the business or affairs of a Registered Person or any of its Directors, Officers, representatives (including without limitation Trading Representatives), employees or agents, regardless of the party requiring such production or obtainment.

      Added on 3 June 20193 June 2019.