SGX Rulebooks
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11.1.1

A contract made on SGX-ST can only be cancelled in accordance with this Rule 11. A contract will not be cancelled merely because of the occurrence of one or more of the following circumstances:

(a) delivery fails;
(b) payment is not made on delivery; or
(c) the share registrar refuses to register a transfer.

Added on 3 June 20193 June 2019.

11.1.2

SGX-ST may cancel a contract in any of the following circumstances:

(a) if the contract arises from an Error Trade (as defined in Rule 11.2.1) and:
(i) the Trading Members to the contract agree to the cancellation; or
(ii) SGX-ST is satisfied that the contract should be cancelled;
(b) the contract arises from a Trade at Close and subsequent to the trade, SGX-ST:
(i) invalidates the Closing Auction Price on which the trade is based; or
(ii) determines an alternate closing price for the security;
(c) if there is prima facie evidence of fraud or wilful misrepresentation in relation to the contract; or
(d) in SGX-ST's opinion, it is desirable to cancel the contract to protect the financial integrity, reputation or interests of the markets established or operated by SGX-ST.

Added on 3 June 20193 June 2019 and 3 June 20193 June 2019.

11.1.3

SGX-ST may impose any conditions it thinks appropriate for or in relation to the cancellation of a contract.

Added on 3 June 20193 June 2019.

11.1.4

SGX-ST may reprimand or impose a fine not exceeding S$2,000 on a Trading Representative and/or the Trading Member who caused a contract to be cancelled under Rule 11.1.2.

Added on 3 June 20193 June 2019.

11.1.5

An action under this Rule is in addition to other actions which SGX-ST is entitled to take against the Trading Representative or Trading Member.

Added on 3 June 20193 June 2019.