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4.24.1

A Trading Member must send its customer a contract note for any purchase or sale of securities or futures contracts.

Refer to Regulatory Notice 4.24.1.

Added on 3 June 20193 June 2019.

4.24.2

The contract note must state that the contract is subject to the Rules if the trade is:

(a) transacted on or through the Trading System; or
(b) reported to SGX-ST.

Added on 3 June 20193 June 2019.

4.24.3

In the case of a Trading Member that holds a Capital Markets Services Licence:

(a) the contract note must comply with the requirements of the Securities and Futures Act and must show separately, where applicable:
(i) brokerage charged by the Trading Member;
(ii) stamp duty;
(iii) Goods and Services Tax;
(iv) any other fees in addition to the brokerage charged by the Trading Member; and
(v) any other fees in addition to the brokerage charged that are charged by any other party (including CDP and/or SGX-ST) and borne by the customer;
(b) the contract note must clearly distinguish charges levied by the Trading Member from charges levied by SGX-ST and/or CDP; and
(c) before issuing contract notes in electronic form, the Trading Member must obtain the customer's prior revocable and informed consent for receipt of contract notes in electronic form. The Trading Member must retain evidence of the customer's consent. To constitute informed consent, a customer must be told of the manner of delivery and retrieval of the electronic record and any costs that may be incurred.

Refer to Practice Note 4.24.3(c).

Added on 3 June 20193 June 2019.

4.24.4

In the case of a Remote Trading Member, a contract note must comply with such requirements as may be prescribed by the Relevant Regulatory Authority, including requirements relating to a customer's contract note in electronic form. The Remote Trading Member shall immediately notify SGX-ST of any changes to such requirements. Notwithstanding the foregoing, SGX-ST shall have the discretion to prescribe additional requirements.

Refer to Regulatory Notice 4.13, 4.16, 4.24, 4.25 and 4.29.

Added on 3 June 20193 June 2019.

4.24.5

If asked by SGX-ST, a Trading Member must produce a copy or record of the contract notes in substantially the same form and containing the same trading information as were given to customers.

Added on 3 June 20193 June 2019.