Whole Section

  • 5.14 Dealing Assistant

    • 5.14.1

      A Trading Member may appoint a dealing assistant to enter orders on the Trading System on instructions given by a Trading Representative or team of Trading Representatives. A Trading Member must ensure that a Trading Representative is supported by no more than one dealing assistant. A dealing assistant who supports a Trading Representative must be appointed by a Trading Member.

      Added on 3 June 20193 June 2019.

    • 5.14.2

      A Trading Member must ensure that a dealing assistant solely performs an order entry role, and does not perform any regulated activity. Without limiting the generality of the foregoing, a dealing assistant shall not be permitted to:

      (a) deal in securities or futures contracts, including but not limited to soliciting or inducing trades or otherwise deal in securities or futures contracts;
      (b) exercise any discretion over the entry of orders;
      (c) give investment advice or make recommendations to customers;
      (d) accept instructions from customers;
      (e) communicate with customers regarding settlement; or
      (f) collect cash, cheques or share certificates on behalf of the Trading Member, designated Trading Representative(s) or customers.

      Added on 3 June 20193 June 2019.

    • 5.14.3

      A Trading Member must notify SGX-ST of the appointment of any dealing assistant and provide SGX-ST with the name and identity card or passport number of the dealing assistant appointed.

      Added on 3 June 20193 June 2019.

    • 5.14.4

      A Trading Member must inform SGX-ST in writing, and where practicable at least seven days in advance, if a dealing assistant ceases to act.

      Added on 3 June 20193 June 2019.