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SGX-ST Rules
Definitions and Interpretation
Definitions
Interpretation
Section A — General
Chapter 1 — Introduction
1.1 Application of Rules
1.1.1
1.1.2
1.1.3
1.1.4
1.2 Waiver of Rules
1.2.1
1.3 Alteration of Rules
1.3.1
1.4 Directives
1.4.1
1.5 Practice Notes
1.5.1
1.6 Transitional Arrangements
1.6.1
1.7 Order of Precedence
1.7.1
1.7.2
Chapter 2 — Administration
2.1 Powers Of Board
2.1.1 [Rule has been deleted.]
2.2 Delegation and assignment
2.2.1
2.2.2
2.2.A SGX RegCo's authority
2.2.A.1
2.3 Advice of the Securities Industry Council
2.3.1
2.4 Limitation of Liability
2.4.1
2.4.2
2.4.3
2.4.4
2.4.5
2.5 Indemnity
2.5.1
2.5.2
2.5.3
2.6 Supply of Information to SGX-ST
2.6.1
2.6.2
2.7 Disclosure of Information by SGX-ST
2.7.1
2.7.2
2.7.3
2.7.4
2.8 Registers Maintained by SGX-ST
2.8.1
2.8.2
2.9 Fidelity Fund Maintained by SGX-ST
2.9.1
Chapter 3 — Listing and Quotation
3.1 The Official List
3.1.1
3.1.2
3.1.3
3.1.4
3.2 Non-Listed Securities
3.2.1
3.2.2
3.2.3
3.2.4
3.2.5
3.2.6
3.2.7
3.3 Futures Contracts Listed and Traded on SGX-ST
3.3.1
Section B — Market Participants
Chapter 4 — Trading Members
4.1 Admission Criteria
4.1.1
4.2 Application Procedures
4.2.1
4.2.2
4.2.3
4.2.4
4.3 Appeals
4.3.1
4.4 Register of Trading Members
4.4.1
4.5 Trading Rights
4.5.1
4.5.2
4.5.3
4.5.4
4.5A Direct Market Access
4.5A.1
4.5A.2 Conditions Governing Direct Market Access
4.5A.3 Conditions Governing Sponsored Access
4.5A.4 Suspension and Termination of Direct Market Access
4.5B Controlling Access
4.5B.1
4.6 Obligations of A Trading Member
4.6.1 Compliance
4.6.2 Acts as Principal
4.6.3 Contracts
4.6.4 Good Business Practice
4.6.5 Responsibility to SGX-ST
4.6.6 Supervision
4.6.7 Establish Procedures and Systems
4.6.7A Risk Management and Financial Controls
4.6.8 Change in Control
4.6.9 Reporting
4.6.10 Payment
4.6.11 Approved Executive Director
4.6.12 Directors
4.6.13 Trading Representatives
4.6.14 Memorandum and Articles of Association
4.6.15 Other Businesses
4.6.16 Register of Securities
4.6.17 Business Name
4.6.18 Issue of Shares
4.6.19 Voluntary Liquidation
4.6.20 Trading Member Ceases to Carry on Business
4.6.21 Business Continuity Requirements
4.6.22 Adequacy of Systems
4.7 Qualification by A Clearing Member
4.7.1 Qualified by a Clearing Member
4.7.2 Clearing of Contracts by Qualifying Clearing Member
4.8 Resignation
4.8.1 Procedures
4.8.2 Acceptance of Resignation by SGX-ST
4.8.3 Deletion from Register
4.9 Cessation of Trading Access
4.9.1
4.9.2
4.9.3
4.10 Obligations of a Former Trading Member
4.10.1
Chapter 5 — Designated Market-Maker
5.1 Registration Criteria
5.1.1
5.2 Application Procedures
5.2.1
5.2.2
5.2.3
5.2.4
5.3 Appeals
5.3.1
5.4 Register of Designated Market-Makers
5.4.1
5.5 Obligations of A Designated Market-Maker
5.5.1 Compliance
5.5.2 Proprietary Accounts
5.5.3 Bid and Offer Quotations
5.5.4 Execution of Trades
5.5.5 Market-Making Representative
5.5.6 Periodic Returns
5.5.7 Auditors' Report
5.5.8 Payment
5.5.9 Notification of Adverse Changes
5.6 Suspension or Restriction of Trades in Specified Security
5.6.1
5.6.2
5.6.3
5.6.4
5.7 Suspension and Restriction of Activities
5.7.1
5.8 Revocation of Registration
5.8.1
5.9 Notification of Action and Appeal
5.9.1
5.9.2
5.10 Disciplinary Proceedings
5.10.1
5.10.2
5.11 Resignation
5.11.1 Procedures
5.11.2 Acceptance of Resignation by SGX-ST
5.11.3 Deletion from Register
5.12 Obligations of a Former Designated Market-Maker
5.12.1
Chapter 6 — Approved Executive Director
6.1 Appointment and Registration
6.1.1
6.1.2
6.2 Obligations of an Approved Executive Director
6.2.1 Compliance
6.2.2 Payment of Fees
6.2.3 Other Businesses
6.3 Automatic De-Registration
6.3.1
6.4 Deletion from Register
6.4.1
6.5 Obligations of a Former Approved Executive Director
6.5.1
Chapter 7 — Trading Representative
7.1 Registration Criteria
7.1.1
7.2 Application Procedures
7.2.1
7.2.2
7.2.3
7.2.4
7.3 Appeals
7.3.1
7.4 Register of Trading Representatives
7.4.1
7.4.2
7.5 Obligations of a Trading Representative
7.5.1 Compliance
7.5.2 Acting for a Trading Member
7.5.3 Good Business Practice
7.5.4 Payment of Fees
7.5.5 Register of Securities
7.5.6 Other Businesses
7.5.7 Contact Details
7.6 Remisier's Deposit
7.6.1
7.6.2
7.7 De-Registration
7.7.1
7.7.2
7.8 Deletion from Register
7.8.1
7.9 Obligations of a Former Trading Representative
7.9.1
Section C — Market Structure
Chapter 8 — Trading
8.1 Trading
8.1.1
8.2 Trading Hours
8.2.1
8.2.2
8.2.3
8.2A Closing Price of Prescribed Instrument
8.2A.1
8.2A.2
8.2A.3
8.2A.4
8.3 Orders
8.3.1
8.3.2
8.3.3
8.3.4
8.3.5
8.4 Trading Basis of Securities
8.4.1
8.4.2
8.4.3
8.4.4
8.5 Inviolability of Contracts
8.5.1
8.5.2
8.5.3
8.5.4
8.6 Errors
8.6.1
8.6.2
8.6.3
8.6.3A
8.6.4
8.6.4A
8.6.4B
8.6.5 [Rule has been deleted.]
8.6.6 [Rule has been deleted.]
8.6.7
8.6.8
8.6.9
8.6.10 [Rule has been deleted.]
8.6.11 [Rule has been deleted.]
8.6.12
8.6.13
8.6.13A
8.6.13B
8.6.14 [Rule has been deleted.]
8.6.15 [Rule has been deleted.]
8.6.16 [Rule has been deleted.]
8.6.17
8.6.18
8.7 Direct Business
8.7.1
8.7.2
8.7.3
8.7.4
8.7.5
8.7.6
8.8 Designated Instruments
8.8.1
8.8.2
8.8.3
8.8.4
8.9 Corner
8.9.1
8.9.2
8.9.3
8.9.4
8.9.5
8.9.6
8.9.7
8.9.8
8.10 Suspension and Restriction of Trading
8.10.1
8.10.1A
8.10.2
8.10.3
8.10.4
8.10.5
8.10.6
8.10A Circuit Breakers and Cooling-Off Periods
8.10A.1
8.10A.2
8.10A.3
8.11 Trading Halts
8.11.1
8.11.1A
8.11.2
8.11.3
8.11.4
8.11.5
8.11.6
8.11.7
8.12 Suspension of Trading Member and Prohibition of Dealings
8.12.1
8.12.2
8.13 Open Interface Applications
8.13.1
Chapter 8A — Marking of Sell Orders
8A.1 Definitions
8A.1.1
8A.2 [Rule has been deleted]
8A.2.1 [Rule has been deleted]
8A.3 Marking of Sell Orders
8A.3.1
8A.3.1A
8A.3.2
8A.3.3
8A.4 Exemptions
8A.4.1
8A.4.2
8A.4.3
8A.5 Publication of Report of Short Sell Orders
8A.5.1
8A.5.2
8A.6 Reporting of Erroneously Marked Sell Orders
8A.6.1
8A.6.2
Chapter 9 — Settlement
9.1 Mode of Settlement for Trades Cleared by CDP
9.1.1
9.1.2
9.1.3
9.1.4
9.1A Settlement Basis and Eligibility for Clearing by CDP
9.1A.1
9.1A.2
9.1A.3
9.1B Mode of Settlement for Trades Not Cleared by CDP
9.1B.1
9.2 Relationship Between Trading Member and Selling Customer
9.2.1
9.2.2 [Rule has been deleted]
9.2.2A
9.2.3
9.3 Relationship Between Trading Member and Clearing Member
9.3.1
9.3.2
9.3.3
9.3.4
9.4 Relationship Between Trading Member and Buying Customer
9.4.1 [Rule has been deleted.]
9.4.2 [Rule has been deleted.]
9.4.2A
9.4.2B
9.4.3
9.4.3A
9.4.3B
9.4.4
9.4.5
9.4.6
9.5 Trades Under Physical Delivery [Rule has been deleted.]
9.5.1 [Rule has been deleted.]
9.5.2 [Rule has been deleted.]
9.5.3 [Rule has been deleted.]
9.5.4 [Rule has been deleted.]
9.6 Delivery Versus Payment ("DVP") Settlement [Rule has been deleted.]
9.6.1 [Rule has been deleted.]
Chapter 10 — Foreign Market Linkages
10.1 Definitions
10.1.1
10.2 Application of Chapter
10.2.1
10.2.2
10.2.3
10.3 Access to Foreign Markets
10.3.1
10.3.2
10.3.3
10.4 Role and Responsibilities of SGX-SPV
10.4.1
10.4.2
10.4.3
10.4.4
10.4.5
10.4.6
10.4.7
10.5 Obligations of a Trading Member
10.5.1
10.5.2
10.5.3
10.6 Core Trading Principles
10.6.1
10.6.2
10.6.3 Prevention of Disorderly Markets
10.6.4 Market Manipulation and False Market
10.6.5 Dealings in Suspended Securities
10.6.6 Cancellation of Contracts
10.6.7 Corner
10.6.8 Short Selling
10.6.9 Designated Securities
10.7 Non-Compliance with Core Trading Principles
10.7.1
10.8 No Liability
10.8.1
10.8.2
10.8.3
Chapter 10A — ASEAN Trading Linkage
10A.1 Definitions
10A.1.1
10A.2 Application of Chapter
10A.2.1
10A.3 Eligibility for Participation
10A.3.1
10A.3.2
10A.4 Compliance
10A.4.1
10A.4.2
10A.4.3
10A.4.4
10A.5 Available Markets
10A.5.1
10A.5.2
10A.5.3
10A.6 No Liability
10A.6.1
10A.6.2
Section D — Regulatory Framework
Chapter 11 — Capital and Financial Requirements
11.1 Definitions and Interpretation
11.1.1
11.1.2
11.1A Financial Requirement for Trading Members
11.1A.1
11.2 Base Capital Requirement [Rule has been deleted.]
11.2.1
11.2.2
11.2.3
11.2.4
11.2A [Rule has been deleted.]
11.2A.1 [Rule has been deleted.]
11.2A.2 [Rule has been deleted.]
11.2A.3 [Rule has been deleted.]
11.2A.4 [Rule has been deleted.]
11.3 Financial Resources Requirement
11.3.1
11.3.2
11.3.3
11.3.4 [Rule has been deleted.]
11.3.5
11.3.6
11.3.7 Early Warning Requirement on Financial Resources
11.3.8
11.3.9 Notification Requirement on Financial Resources
11.3.10
11.3.11 [Rule has been deleted.]
11.4 Aggregate Indebtedness Requirement
11.4.1
11.4.2
11.4.3
11.4.4 Early Warning for Aggregate Indebtedness Requirement
11.4.5
11.4.6 Qualifying Letter of Credit
11.5 Powers to Impose Other Requirements
11.5.1
11.6 [Rule has been deleted.]
11.7 Exposure to Single Customer
11.7.1
11.7.2
11.7.3
11.7.4
11.7.5
11.7A Other Requirements for Exposure to Single Customer
11.7A.1
11.7A.2
11.7A.3
11.8 Exposure to Single Security
11.8.1
11.8.2
11.8.3
11.8.4
11.8.5
11.8.6
11.8.6A
11.8.7
11.8.8
11.8.9
11.8A Other Requirements for Exposure to Single Security
11.8A.1
11.8A.2
11.8A.3
11.9 Margin Financing
11.9.1
11.9.1A
11.9.2
11.9.3
11.9.4
11.9.5
11.9.6
11.9.7 [Rule has been deleted.]
11.9.8
11.9.9
11.9.10
11.9.11
11.9.12 [Rule has been deleted.]
11.9.13
11.9.14
11.9.15
11.9.16
11.10 Submission of Returns
11.10.1
11.10.2
11.10.3
11.10.4
11.11 Annual Financial Audit
11.11.1
11.11.1A
11.11.2
11.11.3
11.11.4
11.12 Provision in Annual Accounts
11.12.1
11.12.2 [Rule has been deleted.]
11.12.3 [Rule has been deleted.]
11.13 Other Financial Requirements
11.13.1 Reduction in Paid-Up Ordinary Share Capital or Paid-Up Irredeemable and Non-Cumulative Preference Share Capital
11.13.2 Preference Shares
11.13.3 Qualifying Subordinated Loan
11.13.4 Making of Unsecured Loan or Advance, Payment of Dividend or Director's Fees or Increase in Director's Remuneration
11.13.5
11.14 Register of Connected Persons
11.14.1
Chapter 12 — Operational Requirements
12.1 Records
12.1.1
12.1.2
12.1.3
12.2 Confidentiality of Customer's Information
12.2.1
12.2.2
12.3 Customer Accounts
12.3.1 Individual Customer Account
12.3.2 Corporate Customer Account
12.3.3 Agency Customer Account
12.3.4 Joint Customer Account
12.3.5 Approval of Customer Accounts
12.3.6 Risk Acknowledgement Statement
12.3.7 Separate Trading Accounts and Account Designation
12.3.8
12.3.9 [Rule has been deleted.]
12.3A Customer Education
12.3A.1
12.4 Trading Authority
12.4.1
12.5 Brokerages and Charges
12.5.1
12.5.2
12.6 Contract Notes
12.6.1
12.6.2
12.6.3
12.6.4
12.6.5
12.6.6
12.6.5
12.7 Statement of Account to Customers
12.7.1
12.7.2
12.7.3
12.7.4
12.7.5
12.8 Amendment of Contract
12.8.1
12.8.2
12.8.3
12.9 Communication with Third Parties
12.9.1
12.9.2
12.10 Payment to Customers
12.10.1
12.10.2
12.10A Customer's Money and Assets
12.10A.1
12.10A.2
12.11 Customer's and Remisier's Money
12.11.1
12.11.2
12.11.3
12.11.4
12.11.5
12.11.6
12.11.7
12.11.8
12.12 Customer's and Remisier's Assets
12.12.1
12.12.2
12.12.3
12.12.4
12.12.5
12.12.6
12.12.7
12.12.8
12.12.9
12.13 Reporting of Delinquent Accounts
12.13.1
12.14 Separation of Front Office and Back Office Functions
12.14.1
12.15 Stock Account
12.15.1
12.15.2
12.15.3
12.16 [Rule has been deleted.]
12.16.1 [Rule has been deleted.]
12.16.2 [Rule has been deleted.]
12.16.3 [Rule has been deleted.]
12.16.4 [Rule has been deleted.]
12.17 Trading by Employees and Agents
12.17.1
12.17.2
12.17.3
12.17.4
12.17.5
12.17.6
12.18 Compliance Review
12.18.1
12.18.2
12.18A Broker-linked balances
12.18A.1
12.18A.2
12.18A.3
12.18A.4
12.18A.5
12.18A.6
12.18A.7
12.19 Advertising
12.19.1
12.19.2
12.20 Soft Dollar Commissions
12.20.1
12.20.2
12.21 Use of Office Premises
12.21.1
12.22 Use of Prescribed Forms
12.22.1
12.23 Application of Chapter 12
12.23.1
12.23.2
Chapter 12A — Position Accounts
12A.1 Definitions
12A.1.1
12A.2 Position Account Rules apply to Authorized Trading Member
12A.2.1
12A.2.2
12A.3 Position Accounts carrying positions for more than one beneficial owner
12A.3.1
12A.3.2
12A.4 Allocation of Trades to Position Accounts
12A.4.1
12A.4.2
12A.4.3
12A.5 Holding trades for different customers in a Position Account and warehousing of trades
12A.5.1
12A.5.2
Chapter 13 — Trading Practices and Conduct
13.1 Acting as Principal
13.1.1
13.1.2
13.1.3
13.2 Acting as Agent
13.2.1
13.2.2
13.3 Separation of Customer and Proprietary Trading Activities
13.3.1
13.4 Customer Orders — Precedence
13.4.1
13.4.2
13.4.3
13.5 Arrangement with Customers
13.5.1
13.5A Margin Management for Trading Members In Respect of Any Margins from Customers
13.5A.1
13.6 Unauthorised Trading
13.6.1
13.7 Excessive Trading
13.7.1
13.8 Market Manipulation and False Market
13.8.1
13.8.2
13.8.3
13.8.4
13.8.5
13.8.6
13.8.7
13.8.8
13.8.9
13.9 Record of Orders
13.9.1
13.9.2
13.10 Order Entry Person
13.10.1
13.10.2
13.10.3
13.10.4
13.11 Responsibility for Orders
13.11.1
13.11.2
13.11.3
13.11.4
13.12 Identification and Password
13.12.1
13.12.2
13.13 Off Premises Broking
13.13.1
13.13.2
13.13.3
13.13.4
13.14 Miscellaneous
13.14.1
Chapter 14 — Supervisory Rules
14.1 Exchange Investigations
14.1.1
14.1.2
14.1.3
14.1.4
14.1.5
14.1.6
14.2 Exchange Inspections
14.2.1
14.2.2
14.2.3
14.2.4
14.3 Disciplinary Action
14.3.1
14.3.2
14.3.3
14.3A Composition by SGX-ST
14.3A.1
14.3A.2
14.3A.3
14.3A.4
14.3A.5
14.3A.6
14.3A.7
14.3A.8
14.4 Disciplinary Committee
14.4.1
14.4.2
14.4.3
14.4.4
14.4.5
14.4.6
14.4.7
14.5 Disciplinary Committee Powers
14.5.1
14.5.2
14.5.3
14.5.4
14.5.5
14.6 Disciplinary Committee Proceedings
14.6.1
14.6.2 Response to Charge
14.6.3 Legal Representation before Disciplinary Committee
14.6.4 Evidence
14.6.5 Witnesses, Examination and Cross Examination
14.6.6 Disciplinary Committee's Deliberation
14.6.7 Decision of Disciplinary Committee
14.6.8 Notification of Decision
14.7 Appeals Committee
14.7.1
14.7.2
14.7.3
14.7.4
14.7.5
14.7.6
14.7.7
14.7.8
14.8 Appeals
14.8.1
14.8.2
14.9 Appeals Proceedings
14.9.1 Notice of Appeal and Reply
14.9.2 Administrative Fee for Appeal
14.9.3 Appeals by Rehearing
14.9.4 Legal Representation Before Appeals Committee
14.9.5 Evidence
14.9.6 Witnesses, Examination and Cross Examination
14.9.7 Appeals Committee's Deliberation
14.9.8 Decision of Appeals Committee
14.10 Payment of Costs
14.10.1
14.10.2
14.11 Fine
14.11.1
14.11.2
14.12 Interim Powers of SGX-ST
14.12.1
14.12.2
14.12.3 Action Against Defaulters
14.12.4
14.12.5
14.12.6
14.13 Emergency Powers
14.13.1
14.13.2
14.13.3
14.13.4
Section E — Other Business Activities
Chapter 15 — Research
15.1 Permissible Activities
15.1.1
15.1.1A
15.1.2
15.1A Application of Chapter
15.1A.1
15.2 Notification Procedures
15.2.1
15.2.2
15.2.3
15.2.4
15.2.5
15.3 Supervision
15.3.1
15.3.2
15.3.3
15.3.4
15.4 Separation of Research Activities
15.4.1
15.4.2
15.5 Investment Recommendations
15.5.1
15.6 Records
15.6.1
15.7 Disclosure
15.7.1
15.8 Trade Restrictions
15.8.1
Chapter 16 — Corporate Finance
16.1 Permissible Activities
16.1.1
16.1.2
16.1A Application of Chapter
16.1A.1
16.2 Notification Procedures
16.2.1
16.2.2
16.2.3
16.2.4
16.2.5
16.3 Staffing
16.3.1
16.3.2
16.3.3
16.3.4
16.3.5
16.4 Separation of Corporate Finance Activities
16.4.1
16.4.2
16.4.3
16.5 Setting of Limits
16.5.1
16.6 Confidentiality of Information
16.6.1
16.6.2
16.7 Trade Restrictions
16.7.1
16.7.2
16.7.3
16.7.4
Chapter 17 — Securities Borrowing and Lending of Specified Products
17.1 Application of Chapter
17.1.1
17.2 Agreement
17.2.1
17.2.2 [Rule has been deleted.]
17.3 Collateral
17.3.1A
17.3.1
17.3.2
17.3.3
17.3.4
17.3.5
17.3.6
17.3.7
17.3.8
Chapter 18 — Exchange Options Trading
18.1 Applicability and Definitions
18.1.1 Applicability
18.1.2 Definitions
18.2 Option Contracts to be Traded
18.2.1 Approval of Options for Listing or Quotation and Trading
18.2.2 Approval of Underlying Securities
18.2.3 Criteria for Approval of Underlying Securities
18.2.4 Withdrawal of Approval of Underlying Securities
18.3 Option Transactions
18.3.1 Registration
18.3.2 Responsibility on Registration
18.3.3 Series of Options Open for Trading
18.3.4 Terms of Options
18.3.5 Adjustments to Terms
18.3.6 Suspension of Trading
18.3.7 Resumption of Trading
18.4 Rights and Obligations of Purchasers and Writers
18.4.1
18.4.2 Position Limits
18.5 Position Limits
18.5.1 Members Prohibited from Opening Transactions that would Violate Individual Position Limits
18.5.2 Market Position Limits
18.5.3 Position Limits Subject to Change
18.5.4 Definition of "Control"
18.5.5 Reports Relating to Position Limits
18.5.6 Closing Off Positions
18.5.7 Trading Member's Duty to Inform Customers of Position Limits
18.5.8 Limit on Uncovered Short Positions
18.5.9 Other Restrictions on Option Transactions and Exercises
18.6 Dealings
18.6.1 Trading Hours
18.6.2 Trading on the Trading System
18.6.3 Minimum Bids
18.6.4 Direct Business
18.6.5 Settlement of Premiums
18.6.6 Failure by Customers to Pay Premium
18.6.7 Failure to Pay Premium or Deliver — Trading Member
18.6.8 Closing Transactions
18.7 Doing Business with the Public
18.7.1 Approval of Customer's Options Trading Account
18.7.2 Diligence in Opening Account
18.7.3 Undertaking to be Obtained
18.7.4 Documents to be Furnished
18.7.5 Contract Statements to Customers
18.7.6 Required Courses/Fees
18.7.7 Transfers of Options Positions
18.7.8 Transactions with Issuers
18.7.9 Due Authorisation for Option Transactions
18.7.10 Taking of Orders by Customers
18.7.11 Communication with the Public
18.8 Margins and Scrip-Covered Call Options
18.8.1 Margins Payable on Opening Written Transactions
18.8.2 Scrip-Covered Call Options
18.8.3 Margin Securities
18.8.4 Margin Requirements
18.8.5 Maintenance of Margin
18.8.6 Margin Prescribed is Minimum
18.9 Exercise of Option by Customers
18.9.1 Exercise Cut-Off Time
18.9.2 Exercise through Trading Member
18.9.3 Allocation of Exercise Notices to Customers
18.9.4 Notification to the OCC of Exercise Notices
18.9.5 Effect of Exercise of Option — Deemed Contract
18.9.6 Option Exercisable Upon Payment of Premium
18.9.7 Due Date of the Contract for the Underlying Securities Upon Exercise
18.10 Adjustments
18.10.1 Adjustments in the Event of a Distribution
18.10.2 Rounding Off Fractions
18.10.3 Bonus Issue
18.10.4 Rights Issue
18.10.5 Other Distribution
18.10.6 Dividends
18.11 Delivery and Settlement Procedures in the Event of A Distribution
18.11.1 Bonus Issue — Exercise Notice during "Cum Bonus" Period
18.11.2 Bonus Issue — Exercise Notice before "Cum Bonus" Period
18.11.3 Bonus and Rights Issues — Exercise Notices On or After "Ex Date"
18.11.4 Rights Issue — Exercise Notice During "Cum Rights" Period
18.11.5 Rights Issue — Exercise Notice Before "Cum Rights" Period
18.11.6 Other Distribution
18.11.7 Dividends
18.11.8 Seller of Underlying Securities in Short Position
18.12 Transaction Costs
18.12.1 Commission on Options
18.12.2 Clearing Fees
18.12.3 Commission and Clearing Fees on Exercise of Options
18.12.4 Stamp Duty
18.13 Miscellaneous
18.13.1 OCC to Issue Notices and Communications
18.13.2 Disciplinary Action for Breach of Regulations
Chapter 19 — Marginable Futures Contracts
19.1 Applicability
19.1.1 Applicability
19.2 Listing of Marginable Futures Contracts
19.3 Contract Specifications
19.4 Adjustments Due to Corporate Actions
19.5 Selection, Removal and Restrictions on Trading of Marginable Futures Contracts
19.5.1 Nomination of securities
19.5.2 Removal from Quotation and Restriction of Trading before Last Trading Day
19.6 Trading Halt or Suspension of Trading
19.6.1 Trading Halt or Suspension of Trading
19.6.2 Resumption of Trading
19.7 [Rule has been deleted.]
19.7.1 [Rule has been deleted.]
19.8 Management of Positions
19.8.1
19.8.2
19.8.3
19.8.4
19.8.5
19.9 Internal Controls
19.9.1
19.10 Margin Requirements
19.10.1
19.10.2
19.10.3
19.10.4
19.10.5
19.10.6
19.10.7
19.10.8
19.10.9 [Rule has been deleted.]
19.10.10
19.10.11 Under-Margined Accounts
19.10.12 Customer to Comply with Margin Requirements
19.10.13 Prohibition on Margin Financing
19.11 Capital Requirement for Marginable Futures Contracts
19.12 Prohibited Trading Practices
19.12.1 Overtrading
19.13 Settlement of Marginable Futures Contracts
19.14 [Rule has been deleted.]
19.14.1 [Rule has been deleted.]
19.14.2 [Rule has been deleted.]
19.14.3 [Rule has been deleted.]
Section F — Transitional Provisions
Chapter 20 — Transitional Provisions
20.1 Transitional Provisions Regarding Capital and Financial Requirements
20.1.1 Applicability
20.1.2 Transitional Arrangements
20.1.3 Transitional Period
20.1.4 Notification by Writing
20.1.5 Transitional Trading Member
Directives
Directive No. 1 — Directorship of SGX-ST Listed Companies
Directive No. 2 — Remisiers Working in Teams
Directive No. 3 — Obligations of a Designated Market-Maker
Directive No. 4 — Audit Trails and Records
Directive No. 5 — Adequacy of Systems
Directive No. 6 — Additional Obligations in respect of American Depository Receipts
Directive No. 7 [Directive has been deleted.]
Practice Notes
Practice Note — Direct Market Access And Sponsored Access
Practice Note 4.6.7A(1)(b) — Pre-Execution Checks
Practice Note 4.6.7A(1)(c) — Error Prevention
Practice Note 4.6.7A(2) — Firm-Level Monitoring of Capital and Financial Requirements and Prudential Limits
Practice Note 4.6.21 — Business Continuity Requirements
Appendix A to Practice Note 4.6.21 Business Continuity Management Emergency Contact Person(s)
Practice Note 4.6.21; 12.1.1; 12.3.6; 12.6.4; 12.7.2; 12.10A.2: Operational Requirements for Trading Members Who Do Not Conduct Business in Singapore
Appendix A to Practice Note 4.6.21; 12.1.1; 12.3.6; 12.6.4; 12.7.2; 12.10a.2
Practice Note 8.2.1 — Application of Market Phases and Algorithm
Practice Note 8.2A.2 — Closing Price of Prescribed Instrument
Practice Note 8.2.2 — Procedures for Contingency Order Withdrawal
Practice Note 8.6 — Application of the Forced Order Range
Practice Note 8.6.12(4) — Computation of Monetary Loss
Practice Note 8.6.13A(3) — Alternative Reference Price For No-Cancellation Range
Practice Note 8.8.1 — Designated Instruments
Practice Note 8.10.1 — Characteristics of Suspension and Trading Halt
Practice Note 8.10A — Circuit Breaker
Practice Note 8.10.3 — Approval of Off-Market Trades in a Security or Futures Contract Subject to Suspension or Trading Halt
Practice Note 8A — Obligations of Trading Members to Mark Sell Orders
Practice Note 9.4.3A(b) Money Received on Account of Customer
Practice Note 11.7A.1, 11.8A.1 — Exposure to Single Customer and Single Security
Practice Note 12.3.1 — Verification Procedure in Respect of Customer's Identity
Practice Note 12.3A.1 — Customer Education
Practice Note 12.3.1, 12.3.2 —Customer Account
Practice Note 12.3.1, 12.3.4 — Additional Safeguards for Trading by Young Investors
Practice Note 12.6.1 — Contract Notes
Practice Note 12.6.3(2) — Evidence of Informed Consent for Contract Notes in Electronic Form
Practice Note 12.14.1 — Conflicts of Interest
Practice Note 12.17.1 — Review of Remisier's Personal Trades
Practice Note 12.20.1 — Soft Dollar Receipts or Payments
Practice Note 12A.4.1, 12A.5.2 — Position Account Allocation
Practice Note 13.4.1 — Customer Orders — Precedence
Practice Note 13.8.1 — Market Manipulation and False Market
Practice Note 13.8.9 — Processes for Review of Orders and Trades
Practice Note 19.7.1 [Rule has been deleted.]
Schedules
Schedule A
Chapter 2 — Administration
Chapter 3 — Listing and Quotation
Chapter 4 — Trading Members
Chapter 5 — Designated Market Maker ("DMM")
Chapter 6 — Approved Executive Director ("AED")
Chapter 7 — Obligations of a Trading Representative
Chapter 8 — Trading
Chapter 8A — Marking of Sell Orders
Chapter 9 — Settlement
Chapter 10 — Foreign Market Linkages
Chapter 11 — Capital and Financial Requirements
Chapter 12 — Operational Requirements
Chapter 12A — Position Accounts
Chapter 13 — Trading Practices and Conduct
Chapter 14 — Supervisory Rules
Chapter 15 — Research
Chapter 16 — Corporate Finance
Chapter 17 — Securities Borrowing and Lending
Chapter 19 — Marginable Futures Contracts
Rule Amendments
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