(a) A Designated Market-Maker must provide on the Trading System competitive bid and offer quotations:
(i) on a continuous basis or in such other manner as SGX-ST prescribes to provide for an adequately liquid market with suitable disclosure to investors;
(ii) within the maximum spread; and
(iii) for not less than the minimum quantity that SGX-ST prescribes.
(b) In the event a Designated Market-Maker ceases to provide bid and offer quotations (whether due to foreseen or unforeseen circumstances), it must, as soon as practicable,:
(i) notify SGX-ST of the cessation as well as the reasons for it; and
(ii) make a public announcement of the cessation.
(c) Upon resumption, the Designated Market-Maker must similarly notify SGX-ST and make a public announcement as soon as practicable. At the appropriate juncture, the Designated Market-Maker must make a public announcement of the reasons for cessation of market-making.
Added on 3 June 20193 June 2019.