Past version: Effective up to 02 Jun 2019
| Rule Violation | Whether composition may be offered | Composition Amount which may be Offered by CDP, where CDP has Determined the Clearing Member to be Liable | Mandatory minimum penalty imposable by the DC | |||
| Rule Chapter/Number | Brief Description of Rule | 1st Violation | 2nd Violation | 3rd Violation | ||
| Rule 4 — Approved Executive Directors | ||||||
| 4.1 | Appointment of Approved Executive Directors and Directors | |||||
| 4.1.1(1) | Clearing Member to appoint at least one person as an Approved Executive Director | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 4.2 | Obligations | |||||
| 4.2.1 | Failure to comply with Clearing Rules or Directives. | [Unless otherwise specified in this Schedule] | ||||
| Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. | ||
| 4.2.2 | Approved Executive Director to pay CDP all fees, levies and charges as CDP prescribes | Compoundable | $500 | $1,000 | $2,000 | N.A. |
| 4.2.3(1) | Approved Executive Director to inform CDP within 14 days before engaging in, or holding any substantial shareholding in, any other business that might potentially conflict with being an Approved Executive Director | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 4.2.3(3) | Approved Executive Director to supply CDP with information it requires regarding the engagement or acquisition of shareholding | Not Compoundable | Not Compoundable | $10,000 | ||
| 4.2.3(4) | Approved Executive Director not to proceed with engagement or acquisition of shareholding contrary to CDP's objection | Not Compoundable | Not Compoundable | $10,000 | ||
| 4.2.3(5) | Approved Executive Director to end engagement or shareholding if required by CDP | Not Compoundable | Not Compoundable | $10,000 | ||
| 4.5 | Resignation of Approved Executive Director | |||||
| 4.5 | Clearing Member to inform CDP of Approved Executive Director's resignation at least 7 days before AED ceases to act | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
Added on 16 May 201116 May 2011.