Future version: Effective from 15 Jul 2026
Rule Violation | Whether composition may be offered | Composition Amount that may be offered by 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 2 — Admission Criteria for Depository Agents | ||||||
2.2 | Discretion to Approve / Reject Application and Conditions | |||||
| Depository Agent to comply with any conditions or restrictions for admission imposed by the Depository. | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. | |
2.5 | Applicant's Agreement | |||||
| Depository Agent to comply with the Depository Agent Terms. | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. | |
| Depository Agent to pay to the Depository fees, charges or penalties where applicable. | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. | |
| Upon the Depository’s request, Depository Agent to furnish any information or render any assistance in respect of its operations, facilities and services or those that are provided to it as may be required by the Depository. | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. | |
| Depository Agent to comply with any condition that the Depository prescribes for it. | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. | |
Added on 15 July 2026.