Chapter 6 — Approved Executive Director ("AED")

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 6 — Approved Executive Director ("AED")

6.1

Appointment and Registration

6.1.1

Trading Member to appoint an AED to be registered with SGX-ST,

Compoundable

$2,000 – $4,000

$4,000 – $7,000

$7,000 – $10,000

$1,000 – $3,000

$3,000 – $6,000

$6,000 – $8,000

N.A.

6.2

Obligations of an Approved Executive Director

6.2.1

AED to comply with the Rules and any Directives SGX-ST prescribes

[Unless otherwise specified in this Schedule]

Compoundable

$2,000 – $4,000

$4,000 – $7,000

$7,000 – $10,000

$1,000 – $3,000

$3,000 – $6,000

$6,000 – $8,000

N.A.

6.2.2

AED to pay SGX-ST all fees, levies and charges.

Compoundable

$500

$1,000

$2,000

$250

$500

$1,000

N.A.

6.2.3(1)

AED to give SGX-ST necessary notice before engaging in or holding substantial shareholdings in any other business that might potentially conflict with being an AED.

Compoundable

$2,000 – $4,000

$4,000 – $7,000

$7,000 – $10,000

$1,000 – $3,000

$3,000 – $6,000

$6,000 – $8,000

N.A.

AED to ensure that his Trading Member agrees to the engagement or shareholding

Compoundable

$2,000 – $4,000

$4,000 – $7,000

$7,000 – $10,000

$1,000 – $3,000

$3,000 – $6,000

$6,000 – $8,000

N.A.

6.2.3(2)

Engagement and shareholding not to breach the law, Rules, Directives or any regulations

Compoundable

$2,000 – $4,000

$4,000 – $7,000

$7,000 – $10,000

$1,000 – $3,000

$3,000 – $6,000

$6,000 – $8,000

N.A.

6.2.3(3)

AED to supply SGX-ST with information required regarding the engagement or acquisition of shareholding

Compoundable

$2,000 – $4,000

$4,000 – $7,000

$7,000 – $10,000

$1,000 – $3,000

$3,000 – $6,000

$6,000 – $8,000

N.A.

6.2.3(4)

AED not to proceed with engagement or acquisition of shareholding if SGX-ST objects, or before expiration of period stipulated by SGX-ST.

Not Compoundable

N.A.

$10,000

6.2.3(5)

AED to end an engagement or shareholding if required to do so by SGX-ST

Not Compoundable

N.A.

$10,000

Added on 16 May 2011 16 May 2011 and amended on 19 May 2014 19 May 2014.