3.2.1 General Duties of Integrity, Fair Dealing and Care
When trading on the Markets, Members, Approved Traders and Registered Representatives are required to:
3.2.2 Constitutive Documents
A corporate Member shall ensure that its memorandum and articles of association or its constitutive documents conform to this Rules so as to enable that Member to perform the obligations, terms and covenants contemplated in this Rules. A corporate Member shall amend its memorandum and articles of association or its constitutive documents to the extent necessary to ensure consistency with this Rule 3.2.2.
3.2.3 Reporting of Change in Member's Circumstances
Without prejudice to Rule 2.14.1, a Member shall immediately inform the Exchange in writing of:
3.2.3A Reporting and Other Requirements Pertaining to Specific Contracts
Each Member shall comply with such reporting and/or other requirements pertaining to specific Contracts as may be prescribed by the Exchange from time to time.
Refer to Regulatory Notice 3.2.3A.
Added on 22 November 2021.
3.2.4 Other Reporting Obligations of Members
A Member shall inform the Exchange in writing immediately if the Member, or any of its Approved Traders, Registered Representatives, directors, officers or employees, as the case may be:
The reporting obligations under this Rule 3.2.4 apply whenever any of the abovementioned events occurs, or threatens to occur.
Amended on 1 April 20141 April 2014.
3.2.5 Prohibitions on Conduct of Other Business
A Member may carry on its business on any market, unless the carrying-on of such business on such market has been prohibited by the Exchange. The Member shall fully comply with the prevailing constitution, rules, by-laws, regulations, customs and practices of such other markets.
3.2.6 Settlement of Margins Due
A Trading Member shall promptly settle all margin liabilities owed to its sponsoring Clearing Member.
3.2.7 Speculative Long and Short Positions for the Same Contract Month
A Member shall not be permitted to carry a speculative long position and a speculative short position for the same legal and beneficial owner in the same Contract, as well as in the same Connect Contract, for the same Contract Month.
Amended on 29 July 2022.
3.2.8 Advertising Guidelines
A Member, Approved Trader and Registered Representative shall ensure that any advertising, market letters or similar information that they issue, in the form and context in which such advertisements, market letters or similar information appear or are used:
If the Exchange finds any advertising, market letters or similar information issued by a Member, Approved Trader or Registered Representative to be in contravention of this Rule 3.2.8, it may require all such prospective advertising, market letters or similar information issued by that Member, Approved Trader or Registered Representative to be submitted to the Exchange for approval prior to release.
A General Trading Member that holds a licence specified in Rule 2.4.1(b) shall not direct any advertising, market letters or similar information to deal in securities or Futures Contracts on the Exchange to customers domiciled in Singapore or to the extent that it may be acted upon by persons in Singapore.
Amended on 29 November 201029 November 2010 and 1 April 20141 April 2014.