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.