Future version: Effective from 15 Jul 2026
Rule Violation | Whether composition may be offered | Composition Amount that may be offered by the Depository, where the Depository has determined the Depository Agent to be in violation | Mandatory minimum penalty imposable by the DC | |||
Rule Number | Brief Description of Rule | 1st Violation | 2nd Violation | 3rd Violation | ||
| Rule 1 — General | ||||||
| 1.7 | Provision of Information by Depository Agent | |||||
| Upon the Depository’s request, Depository Agent to provide any information or records that the Depository may require under the Rules. Depository Agent must ensure that any information or records provided do not contain untrue statements, are not misleading and include rather than omit any material statements. | Compoundable | $2,000 – $5,000 | $5,000 – $10,000 | $10,000 – $15,000 | N.A. | |
| Depository Agent to undertake that it has obtained the necessary consent from the parties concerned, or that it is otherwise permitted under law, to disclose such information or records to the Depository, and for the Depository to process, use and/or disclose the information or records, for the purposes set out in the Rules. | Not Compoundable | Not Compoundable | $10,000 | |||
Added on 15 July 2026.