2.8 Appointment and Registration of Trading Representatives
A Trading Member must register with SGX-ST persons who deal in securities or futures contracts on SGX-ST as Trading Representatives, unless exempted by SGX-ST.
To be eligible for registration as a Trading Representative, an applicant must:(a) be at least 21 years old;(b) be a fit and proper person, in accordance with the Authority's Guidelines on Fit and Proper Criteria;(c) possess a good track record of business conduct (if applicable);(d) comply with the requirements of his Relevant Regulatory Authority for acting as a representative of his Trading Member in respect of the relevant regulated activities;(e) not be a person who has previously been disallowed by an exchange or a regulatory body, whether in or out of Singapore, from acting as a representative in respect of the relevant regulated activities; and(f) not be an undischarged bankrupt, whether in or out of Singapore.
A Trading Representative may be entered into the Register of Trading Representatives only if his Trading Member has confirmed in writing to SGX-ST that the Trading Representative satisfies the registration criteria prescribed in Rule 2.8.2. The Trading Member shall maintain records evidencing the Trading Representative's satisfaction of the registration criteria in Rule 2.8.2 and shall provide all information that SGX-ST may require in the registration process.
SGX-ST may in its discretion refuse the registration of a Trading Representative.
If SGX-ST refuses the registration of a Trading Representative, the applicant may, within 14 days after it is notified of SGX-ST's decision, appeal in writing to the SGX RegCo Board whose decision will be final.
Only Trading Representatives who have been registered by SGX-ST and entered into the Register of Trading Representatives may deal in securities or futures contracts on SGX-ST. A Trading Representative may begin to do so only upon his Trading Member being notified by SGX-ST that he or she has been entered into the Register of Trading Representatives.