SGX Rulebooks
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Rule ViolationWhether composition may be offeredComposition Amount which may be Offered by the Clearing House, where the Clearing House has Determined the Clearing Member to be LiableMandatory minimum penalty imposable by the DC
Rule Chapter/NumberBrief Description of Rule1st Violation2nd Violation3rd Violation
Chapter 7A — Suspension and Default
7A.01.2Clearing Member to comply with conditions and requirements imposed by the Clearing House if its activities are restrictedCompoundable$2,000 – $4,000$4,000 – $7,000$7,000 – $10,000N.A.
7A.01.4Clearing Member to notify Clearing House upon the occurrence of any of the events stated in Rule 7A.01.1.Compoundable$2,000 – $4,000$4,000 – $7,000$7,000 – $10,000N.A.
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7A.02.2.1Clearing Member that has defaulted upon its obligation to the Clearing House, or has been suspended, to cooperate with the Clearing House and non-defaulting Clearing Members in respect of actions which the Clearing House may take under Rule 7A.02.1.Not CompoundableNot Compoundable$10,000
7A.02.2.2Required Participant to participate in such auction stated in Rule 7A.02.1.3.c, and comply with requirements and procedures as prescribed by the Clearing House in relation to such auctions.Not CompoundableNot Compoundable$10,000
7A.04.2Suspended or Expelled Clearing Member not to take on or clear new ContractsNot CompoundableNot Compoundable$10,000
7A.05.1.4Clearing Member to make up deficiencies in Clearing Fund Deposit resulting from applications by Clearing House on default by Clearing MemberNot CompoundableNot Compoundable$10,000
7A.05.1.5Clearing Member not to take any action to interfere with ability of Clearing House to apply the Clearing Fund DepositNot CompoundableNot Compoundable$30,000
7A.06.2.1Clearing Member to place required Clearing Fund Deposit with the Clearing HouseNot CompoundableNot Compoundable$10,000
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7A.06.3.3Clearing Member to immediately furnish Further Assessment Amount prior to the close of business on the Business Day immediately following the callNot CompoundableNot Compoundable$10,000
7A.06.8.1Clearing Member to make good any deficiency in Clearing Fund Deposits prior to close of business on Business Day immediately following such applicationNot CompoundableNot Compoundable$10,000
7A.06A.1.3Clearing Member participating in Connect Contracts to place Clearing Member Connect Layer Contribution Requirement with the Clearing HouseNot CompoundableNot Compoundable$10,000
7A.07.5Clearing Member to pay Termination Amount (if negative) to Clearing HouseNot CompoundableNot Compoundable$10,000

Added on 7 August 20127 August 2012, amended on 30 June 201430 June 2014, 12 November 201812 November 2018, 17 July 201917 July 2019 and 29 July 2022.