Past version: Effective from 12 Nov 2018 to 21 Apr 2019
| Rule Violation | Whether composition may be offered | Composition Amount which may be Offered by the Clearing House, where the Clearing House 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 | ||
| Chapter 2 — Clearing Membership | ||||||
| 2.06.1 | Clearing Member to comply with the Rules and the criteria and requirements for Clearing Membership | [Unless otherwise specified in this Schedule] | ||||
| Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. | ||
| 2.06.1 r/w 2.02.1.2 | General Clearing Member or its holding company to have group shareholders' funds of at least S$100,000,000 | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.06.1 r/w 2.02.1.5 | General Clearing Member's managerial or executive staff to have a high standard of integrity and level of knowledge | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.06.1 r/w 2.02.1.6 | General Clearing Member to have sufficient resources and adequate systems for preserving sound liquidity and financial position. | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.06.1 r/w 2.02.1.7 | General Clearing Member to maintain segregated and adequate back office functions | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.06.1 r/w 2.02.1.8 | General Clearing Member to satisfy requirements and criteria for Clearing Membership which the Clearing House may prescribe from time to time | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.06.1 r/w 2.02A.1.1 & 2.02.1.2 | Direct Clearing Member or its holding company to have group shareholders' funds of at least S$100,000,000 | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.06.1 r/w 2.02A.1.1 & 2.02.1.5 | Direct Clearing Member's managerial or executive staff to have a high standard of integrity and level of knowledge | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.06.1 r/w 2.02A.1.1 & 2.02.1.6 | Direct Clearing Member to have sufficient resources and adequate systems for preserving sound liquidity and financial position. | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.06.1 r/w 2.02A.1.1 & 2.02.1.7 | Direct Clearing Member to maintain segregated and adequate back office functions | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.06.1 r/w 2.02B.1.4 | Bank Clearing Member or its parent bank to have group shareholders' funds of at least S$100,000,000 | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.06.1 r/w 2.02B.1.6 | Bank Clearing Member's managerial or executive staff to have a high standard of integrity and level of knowledge | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.06.1 r/w 2.02B.1.7 | Bank Clearing Member to have sufficient resources and adequate systems for preserving sound liquidity and financial position. | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.06.1 r/w 2.02B.1.8 | Bank Clearing Member to maintain segregated and adequate back office functions | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.06.1 r/w 2.02B.1.9 | Bank Clearing Member to satisfy requirements and criteria for such Clearing Membership as the Clearing House may prescribe from time to time | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.06.2 | Compliance with SFA | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.06A | Clearing Member to inform Clearing House immediately of the stipulated events | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.07.1 | General Clearing Member incorporated in Singapore to comply with the minimum base capital, Financial, Aggregate Indebtedness Requirement | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.07.1A | Direct Clearing Member incorporated in Singapoe to comply with the minimum base capital, Financial, Aggregate Indebtedness Requirement | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.07.1B | Bank Clearing Member incorporated in Singapore to comply with the minimum base capital, Financial, Aggregate Indebtedness Requirement | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.07.5 | Clearing Member incporporated in Singapore to immediately notify the Clearing House if it fails or becomes aware that it will fail to comply with the minimum capital and financial requirements as prescribed | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.07.6 | Clearing Member incorporated in Singapore to comply with the directions of the Clearing House where it has failed to comply with the minimum capital and financial requirements | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.07A.1 | Clearing Member incoporated in Singapore to immediately notify the Clearing House of the stipulated failures to meet its financial requirements | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.07A.2 | Clearing Member incorporated in Singapore to comply with the directions of the Clearing House where its financial resources have fallen below the specified threshold | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.07A.3 | General Clearing Member and Direct Clearing Member incorporated in Singapore to comply with the direction of the Clearing House where its aggregate indebtedness have exceeded the specified threshold | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.07B.1 | Clearing Member incorporated in Singapore to notify the Clearing House if financial resources fall below the specified threshold | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.07B.3 | Clearing Member incorporated in Singapore to comply with the directions of the Clearing House where its financial resources have fallen below the specified threshold | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.08.1 | General Clearing Member incorporated outside Singapore to comply with minimum base capital, Financial, Aggregate Indebtedness Requirement | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.08.1A | Direct Clearing Member incorporated outside Singapore to comply with minimum base capital, Financial, Aggregate Indebtedness Requirement | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.08.1B | Bank Clearing Member incoporated outside Singapore to comply with the minimum base capital, Financial, Aggregate Indebtedness Requirement | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.08.5 | Clearing Member incorporated outside Singapore to immediately notify the Clearing House if it fails or becomes aware that it will fail to meet the minimum capital and financial requirements as prescribed | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.08.6 | Clearing Member incorporated outside Singapore to comply with the directions of the Clearing House where a Clearing Member has failed to comply with the minimum capital and financial requirements | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.08A.1 | Clearing Member incorporated outside Singapore to immediately notify the Clearing House of the stipulated failures to meet its financial requirements | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.08A.2 | Clearing Member incorporated outside Singapore to comply with the directions of the Clearing House where its adjusted net head office funds or cash and/or acceptable government securities deposited with the Clearing House have fallen below the specified threshold | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.08A.3 | Clearing Member incorporated outside Singapore to comply with the directions of the Clearing House where its aggregate indebtedness has exceeded the specified threshold | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.08B.1 | Clearing Member incorporated outside Singapore to immediately notify the Clearing House if its adjusted net head office funds or cash and/or acceptable government securities have fallen below the specified threshold | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.08B.3 | Clearing Member incorporated outside Singapore to comply with the directions of the Clearing House where its adjusted net head office funds or cash and/or acceptable government securities deposited with the Clearing House or CDP have fallen below the specified threshold | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.09.1 | General Clearing Member incorporated in Singapore to maintain the stipulated special reserve fund | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.09.2 | Special reserve fund not to be available for the declaration of dividends without the approval of the Clearing House | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.10.1 | General Clearing Member incorporated outside Singapore to maintain the stipulated special reserve fund | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.10.2 | Special reserve fund not to be available for the declaration of dividends without the approval of the Clearing House | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.11.1.1 | Clearing Member incorporated in Singapore, except in the case of Bank Clearing Member, not to reduce paid-up capital without prior approval of the Clearing House | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.11.2.1 | Clearing Member incorporated in Singapore, except in the case of a Bank Clearing Member, to immediately notify the Clearing House prior to the date of issue of any preference share | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.11.2.2 | Clearing Member incorporated in Singapore, except in the case of Bank Clearing Member, not to redeem any redeemable preference share unless the Clearing Member complies with conditions set out | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.11.3.1 | Clearing Member incorporated in Singapore to immediately notify the Clearing House when it draws down a qualifying subordinated loan no later than the date of draw down | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.11.3.2 | Clearing Member incorporated in Singapore not to repay, whether in part or in full any subordinated loan principal before the maturity date without the prior approval of the Clearing House or any subordinated loan principal that has matured subject to conditions set out | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.11.4.1 | Clearing Member, except for a Bank Clearing Member not to make any unsecured loan or advance, pay any dividend or director's fees or increase any director's remuneration without the prior approval of the Clearing House, unless the stipulated conditions are met | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.11.5.1 | [deleted] | [deleted] | [deleted] | [deleted] | [deleted] | [deleted] |
| 2.13.1.1 | Clearing Member to maintain bank accounts in the currencies that may incur settlement and with banks acceptable to the Clearing House | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.13.1.2 | Clearing Member to clear Non-Relevant Market Contracts and/or Contracts made on any Relevant Market by such members of the Relevant Market with whom it has agreed to clear | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.13.1.3 | Clearing Member not to carry any account or clear any Contract for the benefit of an employee or officer of another Clearing Member without prior approval of the other Clearing Member | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.13.1.4 | Clearing Member not to provide funds, credit or finance any other Clearing Member or member of a Relevant Market without the prior approval of the Clearing House | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.13.1.5 | Clearing Member to provide and maintain Clearing Fund Deposit in addition to any security deposit requirement that may be required | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.13.1.7 | Clearing Member to clear Contracts made on any Relevant Market by any person through any approved electronic trading terminal or facilities provided to it or to such members of the Relevant Market to whom it shall have agreed to provide clearing services | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.13.1.8 | Clearing Member to have in place sufficient resources and establish and maintain adequate internal control and risk management system for its businesses | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.13.1.9 | Clearing Member to comply with such other requirements as may be prescribed by the Clearing House from time to time | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.13A.1 | Clearing Member to assess business and operational risk and maintain adequate business continuity arrangements | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.13A.2 | Clearing Member to document its business continuity arrangements in a business continuity plan | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.13A.3 | Clearing Member to demonstrate awareness of risks, mitigating measures and state of readiness by way of attestation to the Board of Directors | Compoundable | $500 | $1,000 | $2,000 | N.A. |
| 2.13A.4 | Clearing Member to review and test its business continuity plan regularly | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.13A.5 | Clearing Member to appoint emergency contact persons and furnish the contact information to the Clearing House | Compoundable | $500 | $1,000 | $2,000 | N.A. |
| Clearing Member's emergency contact persons to be contactable at all times | Compoundable | $500 | $1,000 | $2,000 | N.A. | |
| Clearing Member to notify Clearing House in the event of emergencies | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. | |
| 2.14.1 | Clearing Member to prepare, maintain and keep current books and records required by this Rules and SFA, where they shall be open to inspection and promptly provided to the Clearing House upon request | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.14.2 | Clearing Member to file any information requested by the Clearing House within the time period specified in the request | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.14.3 | Clearing Member to maintain the ability to provide, in an acceptable form, a complete set of equity system reports to the Clearing House upon the Clearing House's request | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.14.3A | Clearing Member to submit to the Clearing House a report on all its credit facilities with its financial institutions, any change to its credit facilities immediately upon such change, and the identities of the owners or controlling parties for any House Account or Customer Account | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.14.4 | Clearing Member to notify Clearing House when it fails to make or keep current the books and records required by the Clearing House and shall thereafter comply with all orders of the Clearing House | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.15.1 | General Clearing Member to furnish the required statutory audit report in accordance with the specified timelines | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.15.1A | Direct Clearing Member to furnish thre required audit report in accordance with the specified timelines | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.15.1B | Bank Clearing Member to furnish the required audit report in accordance with the specified timelines | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.15.2 | General Clearing Member or Bank Clearing Member to cause its internal auditors to conduct the required internal audit and submit a report | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.17.1.1 | General Clearing Member not to grant any unsecured advance, loan or credit facility to any of its directors or their connected persons | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.17.1.2 | General Clearing Member not to grant any unsecured advance, loan or credit facility to its officers or its employees which exceeds one year's emoluments of the person | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.18.1.1 | General Clearing Member or Bank Clearing Member to inform the Clearing House of such information as the Clearing House requires to discharge its segregation obligations under the SFA or enable it to issue the verification of margin funds statement to the Authority | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.18.3 | Clearing Member not to fix the Clearing House with a notice of fact or claim in respect of any Third Party | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.19.1 | Clearing Member to provide Clearing House with the required information in relation to Ominibus Accounts | Compoundable | $500 | $1,000 | $2,000 | N.A. |
| 2.19.3 | Clearing Member to ensure that the Omnibus Account is operated at all times in accordance with the Rules | [Unless otherwise specified in this Schedule] | ||||
| Compoundable | $500 | $1,000 | $2,000 | N.A. | ||
| 2.19.4 | Clearing Member to notify Clearing House of any failure by the Omnibus Account Holder to disclose its gross long and short positions | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| Clearing Member to comply with the orders of the Clearing House if the Omnibus Account Holder fails to make the required disclosure | Not Compoundable | Not Compoundable | $10,000 | |||
| Clearing Member to ensure that Omnibus Account Holder is aware of this Rule. | Compoundable | $500 | $1,000 | $2,000 | N.A. | |
| 2.20.3 | Clearing Member to ensure compliance with respective position limits prescribed by Clearing House | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.20.4 | Clearing Member to furnish such documents as the Clearing House may require where the aggregate maintenance margins exceed such relevant amount as may be prescribed by the Clearing House | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.20B | Clearing Member to withold profits from overtrading upon notification by the Clearing House | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.21.1 | Clearing Member to ensure that its Memorandum and Articles of Association conform to this Rules | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.22.1.1 | Clearing Member to notify the Clearing House of any change in ownership | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.22.1.2 | Clearing Member to notify the Clearing House of any change in circumstances which may alter the control of itself | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.22.1.3 | Clearing Member to notify the Clearing House of any change in director | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.22.1.4 | Clearing Member to notify the Clearing House of any change in name | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.22.1.5 | Clearing Member to notify the Clearing House of change to constitutive documents | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.22.1.6 | Clearing Member to notify the Clearing House of the death or bankruptcy of a director | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.22.1.7 | Clearing Member to notify the Clearing House of the engagement or involvement in any new business or change in business | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.22.1.8 | Clearing Member to notify Clearing House of any change in senior management | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.23.1.1 | Clearing Member to notify the Cleairng House of the stipulated reduction in capital within the timelines | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.23.1.2 | Clearing Member to immediately notify the Clearing House of any under-segregation | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.24 | General Clearing Member or Direct Clearing Member not to appoint CEO, Deputy CEO unless the prior written approval of the Clearing House is obtained | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.25 | Clearing Member to inform and consult the Clearing House at least 30 days prior to any general meeting where new auditors are to be appointed | Compoundable | $500 | $1,000 | $2,000 | N.A. |
| 2.26.1 | Clearing Member to submit to the Clearing House such financial statements and in accordance with such timelines as required by the Clearing House | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.26.2 | Clearing Member to keep records of formal computations of capital and financial requirements | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.27 | Clearing Member to notify the Clearing House of undermargined Customer Accounts and House Accounts | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.28.2 | [deleted] | [deleted] | [deleted] | [deleted] | [deleted] | [deleted] |
| 2.28.2B | Clearing Member not to increase its positions in any Contract during its Notice Period unless permitted by the Clearing House or under this Rules | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.28A.1.1 | Clearing Member to inform the Clearing House of the clearing arrangement with a Trading Member | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| Clearing Member to provide such details as requested by the Clearing House | Not Compoundable | Not Compoundable | $10,000 | |||
| 2.28A.1.2 | Clearing Member to pay such administrative fees as the Clearing House may levy | Compoundable | $500 | $1,000 | $2,000 | N.A. |
| 2.28A.1.3 | Clearing Member to have in place adequate internal control measures and risk management systems to monitor the Trading Member's trades | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.28A.1.4 | Clearing Member to enter into a written agreement with the Trading Member setting out the terms and conditions governing their relationship | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.28A.1.5 | Clearing Member to inform the Clearing House if it believes that a Trading Member whom it has a clearing arrangement with has defaulted or may default | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.28A.1.6 | Clearing Member to have proper separation of front and back office functions | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 2.28B | Clearing Member not to clear any transactions where both sides of the trade belong to the same person. | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.30.1A | [deleted] | [deleted] | [deleted] | [deleted] | [deleted] | [deleted] |
| 2.31.1.1 | [deleted] | [deleted] | [deleted] | [deleted] | ||
| 2.33.2 | [deleted] | [deleted] | [deleted] | [deleted] | ||
| 2.35.2 | Clearing Member to notify relevant parties in an event of Force Majeure | Not Compoundable | Not Compoundable | $10,000 | ||
| 2.35A.5 | [deleted] | [deleted] | [deleted] | [deleted] | ||
| 2.37.1 | Clearing Member to ensure that agreements with Third Parties provide that all Contracts are subject to the Rules, SFA and SFR and that this is agreed upon. | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
Added on 16 May 201116 May 2011, amended on 7 August 20127 August 2012, 8 November 20128 November 2012, 15 March 201315 March 2013, 19 September 201619 September 2016 and 12 November 201812 November 2018.