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Chapter 5 — Designated Market Maker ("DMM")

Rule Violation Whether composition may be offered Composition Amount which may be Offered by SGX-ST, where SGX-ST has Determined the Trading Member, Approved Executive Director and/or Trading Representative to be Liable Mandatory minimum penalty imposable by the Disciplinary Committee
Rule Chapter/Number Brief Description of Rule Trading Members (or Designated Market Maker, where applicable) Approved Executive Directors Trading Representatives (or Market Making Representative, where applicable)
1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation 1st Violation 2nd Violation 3rd Violation
Chapter 5 — Designated Market Maker ("DMM")
5.5 Obligations of a Designated Market-Maker
5.5.1(1) DMM to comply with this Chapter and any other Directives SGX-ST prescribes [Unless otherwise specified in this Schedule]
Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
5.5.1(2) DMM to continue to satisfy the registration criteria. Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
5.5.3 DMM to publish on the Trading System competitive bid and offer quotations in the prescribed manner. Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
5.5.4 DMM to route trades through a Trading Member, if it is not a Trading Member Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
5.5.5 DMM to appoint and register with SGX-ST at least 1 person as a market-making representative Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
5.5.6 DMM to submit periodic returns as SGX-ST requires. Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
5.5.7 DMM to provide an independent auditors' report, upon request by SGX-ST. Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. N.A.
5.5.8 DMM to pay all fees, levies and charges prescribed by SGX-ST. Compoundable $500 $1,000 $2,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.
5.6 Suspension or Restriction of Trades in Specified Security
5.6.3 DMM not to make a market in a Specified Security which was suspended or in which trading was halted, without SGX-ST's approval. Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
5.6.4 DMM not to make a market in Specified Securities that will breach any restrictions on trades imposed by SGX-ST. Not Compoundable Not Compoundable N.A. N.A. N.A. N.A. N.A. N.A. $10,000
5.10 Disiplinary Proceedings
5.10.2 DMM and market-making representative to comply with disciplinary decisions Not Compoundable Not Compoundable N.A. N.A. N.A. Not Compoundable $10,000
5.11 Resignation
5.11.1(1) DMM to give necessary notice of resignation Compoundable $2,000 – $4,000 $4,000 – $7,000 $7,000 – $10,000 N.A. N.A. N.A. N.A. N.A. N.A. N.A.

Added on 16 May 201116 May 2011.