Whole Section

  • 6.8 Suspension and Restriction of Activities

    • 6.8.1

      SGX-ST may suspend or restrict the activities of a Designated Market-Maker for such period as SGX-ST specifies if:

      (a) the Designated Market-Maker fails to continue to satisfy the registration criteria or any approval condition or restriction prescribed by SGX-ST;
      (b) the Designated Market-Maker fails to comply with any Rule applicable to Designated Market-Makers, the Securities and Futures Act, or any applicable law;
      (c) the Designated Market-Maker fails to comply with the Rules in its capacity as a Trading Member (if applicable);
      (d) the Designated Market-Maker is suspended in its capacity as a Trading Member or its trading access is ceased (if applicable);
      (e) the Designated Market-Maker defaults on any trade in a Specified Instrument or any other securities or futures contracts;
      (f) the Designated Market-Maker, in SGX-ST's opinion, is in financial or operating difficulty, or is unable to perform its obligations as Designated Market-Maker;
      (g) the Designated Market-Maker, in SGX-ST's opinion, engages in conduct detrimental to the financial integrity, reputation or interests of SGX-ST, or organised markets established or operated by SGX-ST;
      (h) the Designated Market-Maker is suspected of or found to be manipulating or distorting the market for a Specified Instrument or attempting to do so;
      (i) the Designated Market-Maker is the subject of a written complaint or investigation involving an allegation of fraud or dishonesty or market misconduct, or is convicted of an offence involving fraud or dishonesty or market misconduct, or is found by a court of law to have acted fraudulently or dishonestly or engaged in market misconduct, whether in or out of Singapore; or
      (j) it is necessary or desirable in the interests of maintaining a fair and orderly market or for ensuring a safe and efficient clearing facility, or for ensuring the integrity of the market or for proper management of systemic risk, or for investor protection, or it is directed by any authority.

      Added on 3 June 20193 June 2019.