| Rule Violation | Whether composition may be offered | Composition Amount which may be Offered by SGX-ST, where SGX-ST has Determined the Trading Member, Approved Executive Director and/or Trading Representative to be Liable | Mandatory minimum penalty imposable by the Disciplinary Committee | |||||||||
| Rule Chapter/Number | Brief Description of Rule | Trading Members (or Designated Market Maker, where applicable) | Approved Executive Directors | Trading Representatives (or Market Making Representative, where applicable) | ||||||||
| 1st Violation | 2nd Violation | 3rd Violation | 1st Violation | 2nd Violation | 3rd Violation | 1st Violation | 2nd Violation | 3rd Violation | ||||
| Chapter 5 — Designated Market Maker ("DMM") | ||||||||||||
| 5.5 | Obligations of a Designated Market-Maker | |||||||||||
| 5.5.1(1) | DMM to comply with this Chapter and any other Directives SGX-ST prescribes | [Unless otherwise specified in this Schedule] | ||||||||||
| Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | ||
| 5.5.1(2) | DMM to continue to satisfy the registration criteria. | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. |
| 5.5.3 | DMM to publish on the Trading System competitive bid and offer quotations in the prescribed manner. | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. |
| 5.5.4 | DMM to route trades through a Trading Member, if it is not a Trading Member | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. |
| 5.5.5 | DMM to appoint and register with SGX-ST at least 1 person as a market-making representative | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. |
| 5.5.6 | DMM to submit periodic returns as SGX-ST requires. | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. |
| 5.5.7 | DMM to provide an independent auditors' report, upon request by SGX-ST. | Not Compoundable | Not Compoundable | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | ||
| 5.5.8 | DMM to pay all fees, levies and charges prescribed by SGX-ST. | Compoundable | $500 | $1,000 | $2,000 | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. |
| 5.6 | Suspension or Restriction of Trades in Specified Security | |||||||||||
| 5.6.3 | DMM not to make a market in a Specified Security which was suspended or in which trading was halted, without SGX-ST's approval. | Not Compoundable | Not Compoundable | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | $10,000 | ||
| 5.6.4 | DMM not to make a market in Specified Securities that will breach any restrictions on trades imposed by SGX-ST. | Not Compoundable | Not Compoundable | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | $10,000 | ||
| 5.10 | Disiplinary Proceedings | |||||||||||
| 5.10.2 | DMM and market-making representative to comply with disciplinary decisions | Not Compoundable | Not Compoundable | N.A. | N.A. | N.A. | Not Compoundable | $10,000 | ||||
| 5.11 | Resignation | |||||||||||
| 5.11.1(1) | DMM to give necessary notice of resignation | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. | N.A. |
Added on 16 May 201116 May 2011.