15.2.1
A Trading Member must inform SGX-ST in writing at least 14 days before it establishes a research department.
15.2.2
A Trading Member must supply SGX-ST with any information SGX-ST requires regarding the proposed establishment.
15.2.4
SGX-ST may require a Trading Member to end any research activity if:—
(1) the Trading Member fails to comply with this Chapter; or
(2) in SGX-ST's opinion, the research activity is detrimental to the financial integrity, reputation or interests of SGX-ST, the Trading Member concerned, or markets established or operated by SGX-ST.
15.2.5
If SGX-ST requires a Trading Member to end its research activity, the Trading Member may, within 14 days after it is notified of SGX-ST's decision, appeal in writing to the SGX RegCo Board whose decision will be final.
Amended on 15 September 201715 September 2017.