| 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 10 — Foreign Market Linkages | ||||||||||||
| 10.3 | Access to Foreign Markets | |||||||||||
| 10.3.3 | Trading Member and Trading Representative to act on a direction of SGX-ST with regards to access to foreign markets. | Not Compoundable | Not Compoundable | $10,000 | ||||||||
| 10.6.3 | Core Trading Principles | |||||||||||
| 10.6.3(1) | Trading Member and Trading Representative not to enter bids or offers in Selected Foreign Securities on a Foreign Market via the Exchange Link that may result in a disorderly market in those securities. | Not Compoundable | Not Compoundable | $10,000 | ||||||||
| 10.6.3(2)(a) | Trading Member and Trading Representative to ensure that an authorised person is available at all times to communicate with SGXSPV, when accessing a Foreign Market. | Compoundable | $500 | $1,000 | $2,000 | $250 | $500 | $1,000 | $250 | $500 | $1,000 | N.A. |
| 10.6.3(2)(b) | Trading Member and Trading Representative not to Intentionally or deliberately taking advantage of any situation resulting from a breakdown, error or malfunction of systems or procedures of Exchange Link. | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | N.A. |
| 10.6.3(2)(c) | Trading Member and Trading Representative to comply with instructions or directions of SGX-ST. | Not Compoundable | Not Compoundable | $10,000 | ||||||||
| 10.6.4 | Market Manipulation and False Market | |||||||||||
| 10.6.4(1) | Trading Member and Trading Representative not to engage in an act that will create a false or misleading appearance of active trading in any Selected Foreign Securities or lead to a false market on a Foreign Market. | Not Compoundable | Not Compoundable | $30,000 | ||||||||
| 10.6.4(2) | Trading Member to inform SGX-ST of suspected or known market manipulation in a Selected Foreign Security | Not Compoundable | Not Compoundable | N.A. | N.A. | N.A. | $10,000 | |||||
| Trading Member not to participate or knowingly assist in manipulating the market | Not Compoundable | Not Compoundable | N.A. | N.A. | N.A. | $30,000 | ||||||
| 10.6.5 | Trading Member and Trading Representative not to trade or make a market in a suspended Selected Foreign Security without agreement by the Foreign Exchange concerned | Not Compoundable | Not Compoundable | $30,000 | ||||||||
| 10.6.6(2) | Trading Member to meet costs incurred in connection with the cancellation of contracts | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | N.A. | N.A. | N.A. | N.A. |
| 10.6.7 | Trading Member not to corner a security on a Foreign Market | Not Compoundable | Not Compoundable | N.A. | N.A. | N.A. | $30,000 | |||||
| 10.6.8 | Trading Member not to short sell a Selected Foreign Security on a Foreign Market without permission by the Foreign Exchange concerned | Not Compoundable | Not Compoundable | N.A. | N.A. | N.A. | $10,000 | |||||
| 10.6.9 | Trading Member to comply with conditions on dealing imposed in a Foreign Market in relation to securities which have been subject to manipulation or excessive speculation. | Not Compoundable | Not Compoundable | N.A. | N.A. | N.A. | $30,000 | |||||
Added on 16 May 201116 May 2011.