10.1.1
In this Chapter, "Order" means:—
Amended on 23 January 200923 January 2009.
10.2.1
A Trading Member (except SGX-SPV) and a Trading Representative are bound by this Chapter or any Directives when accessing a Foreign Market via the Exchange Link to execute Orders in a Selected Foreign Security.
10.2.3
Added on 18 September 201218 September 2012.
10.3.1
Subject to the provisions of this Chapter, a Trading Member may access a Foreign Market via the Exchange Link to execute Orders in a Selected Foreign Security.
10.3.2
SGX-ST may at any time, if it thinks fit:—
10.4.1
SGX-SPV must be a Trading Member and a Clearing Member for the purpose of facilitating Orders pertaining to a Selected SGX Security for execution in SGX-ST (inbound) and Orders pertaining to a Selected Foreign Security for execution in a Foreign Exchange (outbound).
10.4.2
SGX-SPV must be admitted as a Trading Member of SGX-ST if SGX-ST is satisfied that the following conditions have been, or will be, met:—
10.4.3
In relation to SGX-SPV as a Trading Member, SGX-ST will carry out its functions and exercise its powers in a like manner to the way it would carry out its functions in respect of other Trading Members, recognising the limited functions that SGX-SPV is intended to perform. SGX-SPV will not apply for an exemption, waiver or other exercise of discretion under the SGX-ST Rules unless it has first notified the Authority.
10.4.4
For outbound Orders, SGX-SPV:—
10.4.5
For inbound Orders, SGX-SPV, in its capacity as agent for the Foreign Portal Dealer, must:—
Amended on 3 April 20083 April 2008.
10.4.6
SGX-SPV may close out a position or correct an error if, in its opinion, it is necessary or desirable to manage risks prudently or meet requirements for the operation of the Service.
10.4.7
Rule | Heading |
4.1.1 | Admission Criteria (as a Trading Member) |
4.6.1(2) | Compliance (with admission criteria) |
4.6.5 | Responsibility to SGX-ST |
4.6.11 | Approved Executive Director |
4.6.12 | Directors |
4.6.14 | Memorandum and Articles of Association |
4.6.17 | Business Name |
4.6.18 | Issue of Shares |
4.6.19 | Voluntary Liquidation |
6.1–6.5 | Approved Executive Director |
9.5 | Trades under Physical Delivery |
11.1–11.14 | Capital and Financial Requirements |
12.3 | Customer Accounts |
12.4 | Trading Authority |
12.6 | Contract Notes |
12.7 | Statement of Account to Customers |
12.11 | Customer's and Remisier's Money |
12.12 | Customer's and Remisier's Assets |
12.17.4 | Trading by Employees and Agents |
12.21 | Use of Office Premises |
13.5 | Arrangement with Customers |
13.12 | Identification & Password |
Chapter 19 of these Rules |
Amended on 23 January 200923 January 2009.
10.5.1
When accessing a Foreign Market via the Exchange Link to trade in Selected Foreign Securities, a Trading Member:—
10.5.2
The following Rules apply to an Order executed on a Foreign Market via the Exchange Link by SGX-SPV:—
10.5.3
A Trading Member is responsible for its Order, regardless of whether the Trading Member authorised the sending of the Order.
10.6.1
The primary object of the core trading principles is to promote proper and orderly trading of Selected Foreign Securities via the Exchange Link.
10.6.2
Rule 10.6 applies to:—
10.6.3 Prevention of Disorderly Markets
10.6.4 Market Manipulation and False Market
10.6.5 Dealings in Suspended Securities
Unless agreed by the Foreign Exchange concerned, a Trading Member and a Trading Representative must not trade, or make a market in, any Selected Foreign Security on the Foreign Market via the Exchange Link if that security is suspended.
10.6.6 Cancellation of Contracts
10.6.7 Corner
A Trading Member must not act itself or with 1 or more persons in concert with the object of securing or acquiring control of any security on a Foreign Market that the same cannot be obtained for delivery on existing contracts except at prices or on terms dictated by such person or persons.
10.6.8 Short Selling
A Trading Member must not short sell any Selected Foreign Security on a Foreign Market except as permitted by the Foreign Exchange concerned.
10.6.9 Designated Securities
A Trading Member must comply with any conditions on dealing imposed in a Foreign Market in relation to securities that may have been subject to manipulation or excessive speculation.
10.7.1
SGX-ST may undertake any investigation or inspection or take any other action under its Rules if it becomes aware of possible or alleged non-compliance with the core trading principles under Rule 10.6.
10.8.1
None of SGX-ST, SGX-SPV, SGX RegCo, or their respective Directors, Officers, employees, representatives or agents shall be liable to a Trading Member or other person in respect of any loss or damage (including consequential loss or damage) which may be incurred, or arise directly or indirectly, in connection with:—
Amended on 15 September 201715 September 2017.
10.8.2
The limitation of liability under Rule 10.8 includes any loss or damage arising in connection with:—
10.8.3
Rule 10.8 does not affect:—