5.14 Dealing Assistant
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.
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.
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.