Whole Section

  • 11.7 Appeals Committee

    • 11.7.1

      The Appeals Committee shall comprise persons appointed by the SGX RegCo Board and approved by the Authority provided that:—

      (1) 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:
      (a) SGX; or
      (b) any of SGX's related corporations;
      (2) a majority of the Appeals Committee shall not be directors, officers or employees of any member of SGX or SGX's subsidiaries; and
      (3) a majority of the Appeals Committee shall not be substantial shareholders of SGX or directors, officers or employees of any substantial shareholder of SGX.

      Amended on 30 November 200530 November 2005, 15 September 201715 September 2017 and 3 June 20193 June 2019.

    • 11.7.1A

      The SGX RegCo Board shall appoint the chairman and the deputy chairman of the Appeals Committee. In the absence of the chairman, the deputy chairman will have all the powers of the chairman.

      Added on 3 June 20193 June 2019.

    • 11.7.2

      The powers of the Appeals Committee include:—

      (1) all the powers of the Disciplinary Committee;
      (2) varying the sanctions imposed by the Disciplinary Committee, and overturning, varying or upholding any decision or specific findings of the Disciplinary Committee;
      (3) hearing and deciding appeals in accordance with the Clearing Rules; and
      (4) dealing with such other matters as the SGX RegCo Board gives it (either generally or in a particular case).

      Amended on 15 September 201715 September 2017 and 3 June 20193 June 2019.

    • 11.7.2A

      A failure to comply with any sanction imposed by the Appeals Committee constitutes a breach of these Rules.

      Added on 3 June 20193 June 2019.

    • 11.7.8

      Procedures may be issued in relation to Appeals Committee proceedings. The procedures are binding on all the parties to the proceedings and may be varied by the Appeals Committee as provided in the procedures or these Clearing Rules. Where any matter is not dealt with by the procedures or these Clearing Rules, the Appeals Committee may establish its own procedures.

      Refer to the [Disciplinary Committee and Appeals Committee Handbook].

      Amended on 3 June 20193 June 2019.