Amended on 10 December 201810 December 2018.
5A.4.1
For third-party clearing arrangements, a Clearing Member may authorise an SGX-ST Trading Member it qualifies (referred to in this Rule 5A.4. as the "Authorised Trading Member") to:
the SGX-ST Trading Member and/or the SGX-ST Trading Member's customers (such Position Accounts referred to in this Rule 5A.4 as the "Authorised Accounts"), in accordance with such procedures as CDP may require.
Amended on 1 July 20161 July 2016 and 10 December 201810 December 2018.
5A.4.2
Where a Clearing Member authorises an Authorised Trading Member to open and maintain Authorised Accounts under Rule 5A.4.1(a), Rules 5A.1and 5A.2 shall, with the necessary modifications, apply to an Authorised Trading Member in respect of each Authorised Account, as those provisions apply to a Clearing Member. The Clearing Member who authorises the Authorised Trading Member under Rule 5A.4.1(a) shall ensure that the Authorised Trading Member performs the obligations under Rules 5A.1 and 5A.2, as they apply to the Authorised Trading Member in respect of each Authorised Account.
Refer to Practice Note 5A.4.2, 5A.4.3.
Amended on 1 July 20161 July 2016 and 10 December 201810 December 2018.
5A.4.3
Where a Clearing Member authorises an Authorised Trading Member to open, maintain and allocate positions to the Authorised Accounts under Rule 5A.4.1(b), Rules 5A.1, 5A.2, 5A.3 and 5A.6 shall, with the necessary modifications, apply to an Authorised Trading Member in respect of each Authorised Account, as those provisions apply to a Clearing Member. The Clearing Member who authorises the Authorised Trading Member under Rule 5A.4.1(b) shall ensure that the Authorised Trading Member performs the obligations under Rules 5A.1, 5A.2, 5A.3 and 5A.6, as they apply to the Authorised Trading Member in respect of each Authorised Account.
Refer to Practice Note 5A.4.2, 5A.4.3.
Amended on 1 July 20161 July 2016 and 10 December 201810 December 2018.
5A.4.4
If a Clearing Member wishes to cease authorising an Authorised Trading Member, it shall:-
Added on 1 July 20161 July 2016 and amended on 10 December 201810 December 2018.