Past version: Effective from 24 Feb 2014 to 18 May 2014
- Up to 28 Nov 2010
- 29 Nov 2010 to 07 Jul 2011
- 08 Jul 2011 to 17 Sep 2012
- 18 Sep 2012 to 25 Apr 2013
- 26 Apr 2013 to 23 Feb 2014
- 24 Feb 2014 to 18 May 2014
- 19 May 2014 to 30 Jun 2014
- 01 Jul 2014 to 28 Dec 2014
- 29 Dec 2014 to 30 Jun 2016
- 01 Jul 2016 to 15 Sep 2016
- 16 Sep 2016 to 14 Sep 2017
- 15 Sep 2017 to 30 Sep 2018
- 01 Oct 2018 to 07 Oct 2018
- 08 Oct 2018 to 09 Dec 2018
- 10 Dec 2018 to 21 Apr 2019
- 22 Apr 2019 onwards
The following terms have the following meanings unless the context requires otherwise:—
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
| Term | Meaning |
| A | |
| "Accredited Investor" | Same meaning as in the Securities and Futures Act. |
| "Appeals Committee" | The committee appointed by the Board of Directors of SGX to exercise the powers in the Supervisory Rules; |
| "ASEAN Trading Linkage" | Order-routing service provided by SGX-ST to Trading Members, whether directly or through any other person, through which: (a) a Trading Member may enter orders directly into a market of a Foreign ASEAN Exchange, as a customer of a member of such Foreign ASEAN Exchange; and (b) the customer of a Trading Member to whom the Trading Member has authorised Sponsored Access, may enter orders directly into SGX-ST. |
| "Associated Corporation" | Any body corporate formed in or out of Singapore in which a Trading Member and its related corporations hold directly or indirectly a beneficial interest of not less than 20% of the issued share capital; |
| "Authority" | The Monetary Authority of Singapore or other body responsible for the administration of the Securities and Futures Act; |
| B | |
| "Board" | Board of Directors of SGX-ST; |
| C | |
| "CDP" | The Central Depository (Pte) Limited; |
| "Circuit Breaker" | in relation to a security or Futures Contract refers to such maximum allowable price advance or decline from a reference price for the security or Futures Contract during the Trading Phase. The maximum allowable price advance or decline from a reference price and the reference price shall be determined by SGX-ST. |
| "Clearing Member" | A Clearing Member in accordance with the Clearing Rules; |
| "Clearing Rules" | CDP Clearing Rules as in effect from time to time; |
| "Connected Person" | (a) A person's spouse, son, adopted son, step-son, daughter, adopted daughter, step-daughter, father, mother, brother or sister; or (b) A firm , Corporation or company in which any of the persons mentioned in (a) above is in a position to control not less than 20% of the voting power in the firm, Corporation or company, whether such control is exercised individually or jointly; |
| "Cooling-Off Period" | means a period prescribed by SGX-ST during which trading in a particular security or Futures Contract will be restricted in a manner prescribed by SGX-ST. |
| "Corporation" | Same meaning as in the Companies Act; |
| D | |
| "Dealer" | A Trading Representative who is employed by a Trading Member or its group of companies to deal in securities and/or trade in Futures Contracts; |
| "Designated Market-Maker" | A market-maker registered with SGX-ST; |
| "Designated Futures Contract" | Shall have the meaning ascribed to it in Rule 8.1.1; |
| "Designated Security" | Shall have the meaning ascribed to it in Rule 8.1.1; |
| "Direct Business" | A trade which is not executed on the Trading System in accordance with Rule 8.7; |
| "Directives" | Requirements prescribed by SGX-ST; |
| "Direct Market Access" | Direct access to the Trading System, via an SGX-ST provided or SGX-ST approved order management system through which orders are routed to the Trading System. Direct Market Access does not include Internet Trading. |
| "Director" | Same meaning as in the Companies Act; |
| "Disciplinary Committee" | The committee appointed by the Board to exercise the powers in the Supervisory Rules; |
| "Discretionary Account" | An account in which the customer gives a Trading Representative discretion, which may be absolute or with limits, to purchase or sell securities or trade in Futures Contracts. The discretion may extend to selection, timing terms and price; |
| "DVP settlement" | Settlement of affirmed trades where payment is made against the transfer; |
| E | |
| "Exchange Link" | The electronic means by which:— (a) SGX-SPV routes orders for Selected Foreign Securities to the Foreign Portal Dealer and receives orders for Selected SGX Securities from the Foreign Portal Dealer; and (b) A Foreign Portal Dealer routes orders for Selected SGX Securities to SGX-SPV and receives orders for Selected Foreign Securities from SGX-SPV; |
| F | |
| "Foreign ASEAN Exchange" | Shall have the meaning ascribed to it in Rule 10A.5.2. |
| "Foreign Exchange" | In relation to the Foreign Market Linkages Rule, means a securities exchange outside Singapore that has agreed to an electronic co-trading, clearing and settlement link of Selected Foreign Securities or Selected SGX Securities with SGX-ST; |
| "Foreign Market" | In relation to the Foreign Market Linkages Rule, means a market administered by the Foreign Exchange which has access to the market via the Exchange Link; |
| "Foreign Portal Dealer" | A Foreign Exchange or a related body corporate of Foreign Exchange that acts as an intermediary to allow:— (a) Singapore investors to trade, clear and settle Selected Foreign Securities on a Foreign Market; and (b) Foreign investors to trade, clear and settle Selected SGX Securities via a Foreign Market; |
| "Futures Contract" | Refers to a futures contract, as defined under the Securities and Futures Act, which is approved for listing on SGX-ST; |
| I | |
| "Immediate Bargains" | Any transaction for delivery at the trade date; |
| "Institutional Investor" | Same meaning as in the Securities and Futures Act. |
| "Internet Trading" | Trading access to SGX-ST through internet broking services provided by a Trading Member. |
| "Issuer" | An entity that is quoted or listed on SGX-ST; |
| L | |
| "Last Trading Day" | Refers to the last day on which a Marginable Futures Contract may be traded prior to its expiration; |
| "Limit Order" | An order to be executed at a specific price or better; |
| M | |
| "Marginable Futures Contract" | Refers to a Futures Contract approved for listing on SGX-ST and which is subject to margin requirements; |
| "Marginable Securities" | (a) Securities quoted on SGX-ST; (b) Securities quoted on the Non-Listed Securities market; (c) Securities quoted on the main board of a securities exchange, of a company with shareholders' funds of not less than $200 million (or equivalent); and (d) Any other securities that SGX-ST approves; |
| "Market Day" | A day on which SGX-ST is open for trading in securities and/or Futures Contracts; |
| "Marketable Securities" | (a) Securities quoted on SGX-ST; (b) Securities quoted on the Non-Listed Securities market; (c) Securities quoted on the main board of a securities exchange, of a company with shareholders' funds of not less than $200 million (or equivalent); and (d) Any other securities that SGX-ST approves; |
| "Maximum Spread" | In relation to a 2-sided market-making order, the maximum difference allowed by SGX-ST between the bid price and the ask price; |
| N | |
| "Non-Listed Security" | Refers to: (a) a security listed on an overseas exchange; or (b) Singapore Government Securities; which are approved by SGX-ST for quotation and trading on the Non-Listed Securities Market; |
| "Non-Listed Securities market" | A place at which, or a facility by means which, offers or invitations to sell, purchase or exchange a Non-Listed Security are regularly made; |
| O | |
| "Officer" | Same meaning as in the Companies Act; |
| "Official List" | The list of issuers maintained by SGX-ST in relation to the SGX Mainboard or SGX Catalist; |
| P | |
| "Practice Notes" | Non-binding guidelines that seek to explain the application and interpretation of a Rule. |
| “Prescribed Security” | Shall have the meaning ascribed to it in Rule 8.2A.1; |
| "Public" | Persons other than:— (a) Directors, Officers, Employees, Trading Representatives, agents or shareholders of the Trading Member and its subsidiary companies; and (b) Connected persons to those mentioned in paragraph (a); |
| "Public Register of Representatives" | Refers to the records of appointed representatives, provisional representatives and temporary representatives kept by the Authority in accordance with the Securities and Futures Act; |
| Q | |
| "Qualification" | The guarantee of a Clearing Member to accept liability for all contracts executed on SGX-ST by a Trading Member which it has qualified; |
| R | |
| "Remisier" | A Trading Representative who has a business arrangement with a Trading Member for dealing in securities or trading in Futures Contracts. A Remisier is not an employee of a Trading Member; |
| "Rules" | SGX-ST Rules, excluding practice notes or any notes or other annotations to the SGX-ST Rules; |
| S | |
| "Selected Foreign Security" | A security traded on a Foreign Market that is eligible to be traded via the Service, as agreed between SGX-ST and the Foreign Exchange from time to time; |
| "Selected SGX Security" | A security traded on SGX-ST that is eligible to be traded via the Service, as agreed between SGX-ST and the Foreign Exchange from time to time; |
| "Service" | In relation to the Foreign Market Linkages Rule, means the service offered to Trading Members or trading participants of a Foreign Exchange (as the case may be) for co-trading, clearing and settlement of Selected Foreign Securities or Selected SGX Securities; |
| "SGX" | Singapore Exchange Limited; |
| "SGXAccess" | The facility for trading on SGX-ST which allows a Trading Member's systems for order management and automated order routing to connect to the Trading System, and to capture market data and news feeds from SGX-ST; |
| "SGX-SPV" | A subsidiary of SGX that operates the Service under the Foreign Market Linkages Rule; |
| "SGX-ST" | Singapore Exchange Securities Trading Limited; |
| "SGX-ST approved Order Management System" | An order management system that has passed conformance testing and meets appropriate technical specifications as required by SGX-ST. |
| "SGX Catalist" | The Catalist Board operated by SGX-ST; |
| "SGX Mainboard" | SGX-ST Mainboard; |
| "Specified Securities" | Securities, Futures Contracts or classes of securities or Futures Contracts that SGX-ST prescribes for trading by a Designated Market-Maker; |
| "Sponsored Access" | A form of Direct Market Access in which a Trading Member permits its customer and any other persons to use its member ID to transmit orders for execution directly to SGX-ST without using the Trading Member's infrastructure. |
| "Stock Account" | The securities account maintained by a Trading Member to house its proprietary securities or structured warrants; |
| T | |
| "Trading Member" | An entity that has been approved as Trading Member in accordance with SGX-ST Rules; |
| "Trading Representative" | A person who is employed by or acts for or by arrangement with a Trading Member to deal in securities or trade in Futures Contracts; |
| "Trading System" | Any electronic trading system for the automatic matching of orders designated and approved by SGX-ST for transactions on SGX-ST. |
Amended on 3 April 20083 April 2008, 23 January 200923 January 2009, 29 November 201029 November 2010, 8 July 20118 July 2011, 18 September 201218 September 2012, 26 April 201326 April 2013, 24 February 201424 February 2014 and 24 February 201424 February 2014.