16.3.1
The corporate finance department must have adequate staff with relevant expertise and experience.
16.3.2
A Trading Member must:—
(1) supervise its corporate finance staff;
(2) implement written supervisory procedures to ensure that its corporate finance staff comply with this Chapter; and
(3) implement any procedure, Directive or recommendation by SGX-ST.
16.3.3
A Trading Member is responsible to SGX-ST for the acts and omissions of its corporate finance staff.
16.3.4
SGX-ST may limit the scope of activity of a corporate finance staff or direct a Trading Member to replace a corporate finance staff if the person:—
(1) causes the Trading Member to breach the Rules or Directives;
(2) engages in conduct detrimental to the financial integrity, reputation or interests of SGX-ST, or markets established or operated by SGX-ST;
(3) breaches any provision involving fraud or dishonesty, whether in or out of Singapore; or
(4) is the subject of an investigation involving fraud or dishonesty, whether in or out of Singapore.
16.3.5
A Trading Member may, within 14 days after it is directed by SGX-ST to replace a corporate finance staff, appeal in writing to the SGX RegCo Board whose decision will be final.
Amended on 15 September 201715 September 2017.