SGX Rulebooks
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5.14.1

A Trading Member may appoint a dealing assistant to enter orders on the Trading System on instructions given by a Trading Representative or team of Trading Representatives. A Trading Member must ensure that a Trading Representative is supported by no more than one dealing assistant. A dealing assistant who supports a Trading Representative must be appointed by a Trading Member.

Added on 3 June 20193 June 2019.

5.14.2

A Trading Member must ensure that a dealing assistant solely performs an order entry role, and does not perform any regulated activity. Without limiting the generality of the foregoing, a dealing assistant shall not be permitted to:

(a) deal in securities or futures contracts, including but not limited to soliciting or inducing trades or otherwise deal in securities or futures contracts;
(b) exercise any discretion over the entry of orders;
(c) give investment advice or make recommendations to customers;
(d) accept instructions from customers;
(e) communicate with customers regarding settlement; or
(f) collect cash, cheques or share certificates on behalf of the Trading Member, designated Trading Representative(s) or customers.

Added on 3 June 20193 June 2019.

5.14.3

A Trading Member must notify SGX-ST of the appointment of any dealing assistant and provide SGX-ST with the name and identity card or passport number of the dealing assistant appointed.

Added on 3 June 20193 June 2019.

5.14.4

A Trading Member must inform SGX-ST in writing, and where practicable at least seven days in advance, if a dealing assistant ceases to act.

Added on 3 June 20193 June 2019.