A Trading Member shall immediately notify SGX-ST if the Trading Member's exposure to a single security exceeds:—
(1) in the case where the security is quoted on SGX-ST or any recognised group A securities exchange, 300% of its average aggregate resources;
(2) in all where the security is quoted other than as specified in Rule 11.8.1(1), 100% of its average aggregate resources;
(3) in the case where the security is approved for quotation on SGX-ST or any recognised group A securities exchange but has not, as yet, been so quoted:—
(a) 100% of the average aggregate resources of the Trading Member if its aggregate resources is less than $75 million; or
(b) 150% of the average aggregate resources of the Trading Member if its aggregate resources is $75 million or more,
Provided that the exposure under Rule 11.8.1(3) together with the exposure, if any, to securities already quoted, shall not exceed the limit specified in Rule 11.8.1(1); and
(4) 10% of its average aggregate resources if the security is unquoted, but shall not include any security issued by:—
(a) any subsidiary of the Trading Member which is established solely for the purpose of providing research, nominee, custodian or trustee services; or
(b) any other company which SGX-ST may approve.