Whole Section

  • 2.20 Cessation of Trading Rights

    • 2.20.1

      A Trading Member's right to access organised markets established or operated by SGX-ST will cease and it shall not enter any orders on such markets if:

      (a) a resolution is passed by its shareholders, or a court order is made, to wind it up, or any judicial manager or similar official is appointed in respect of it;
      (b) an arrangement or composition is entered into with its creditors under any law relating to bankruptcy or insolvency;
      (c) its Capital Market Services Licence lapses, or it no longer meets the requirements to be or is no longer exempted from holding a Capital Market Services Licence, as the case may be;
      (d) it is not qualified by a Clearing Member or its qualification by a Clearing Member has been suspended;
      (e) it is declared a defaulter pursuant to Rule 2.21; or
      (f) it is suspended under the Rules, including under Rule 2.22.

      Added on 3 June 20193 June 2019.

    • 2.20.2

      When a Trading Member's right to access organised markets established or operated by SGX-ST has ceased, SGX-ST will notify all Trading Members of the effective date of cessation and the date of reinstatement of access rights (if applicable).

      Added on 3 June 20193 June 2019.

    • 2.20.3

      A Trading Member whose right to access organised markets established or operated by SGX-ST has ceased must continue to comply with the relevant Rules. The Trading Member remains liable for all obligations incurred in connection with its activities on SGX-ST before its access right ceased.

      Added on 3 June 20193 June 2019.