| 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 8 — Trading | ||||||||||||
| 8.1 | Trading | |||||||||||
| 8.1.1 | Securities and futures contracts to be traded through the Trading System or as otherwise permitted in this Rules | 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 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | N.A. |
| 8.3 | Orders | |||||||||||
| 8.3.4 | Trading Member to specify the Position Account code, Trading Account code and the price and quantity of the security or futures contract for each order entered into the Trading System. | Compoundable | $500 | $1,000 | $2,000 | $250 | $500 | $1,000 | $250 | $500 | $1,000 | N.A. |
| 8.6 | Errors | |||||||||||
| 8.6.2(1) | Trading Member who made the error to contact counterparty Trading Member immediately to seek agreement to cancel an error trade. | 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. | N.A. | N.A. | N.A. |
| 8.6.2(2) | Both Trading Members to take necessary action to minimise any potentail market impact caused by the error trade | 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. | N.A. | N.A. | N.A. |
| 8.6.2(3) | Both Trading Members to notify SGX-ST of the error in accordance with the specified requirements | 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. | N.A. | N.A. | N.A. |
| 8.6.7 | Requesting Trading Member to pay the trade review fee | Compoundable | $500 | $1,000 | $2,000 | $250 | $500 | $1,000 | N.A. | N.A. | N.A. | N.A. |
| 8.7 | Direct Business | |||||||||||
| 8.7.1 | Direct Business to be transacted in accordance with the stipulated requirements. | 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 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | N.A. |
| 8.7.5 | Direct Business to be reported within the stipulated timelines | 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 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | N.A. |
| 8.7.6 | Compliance with the suspension of Direct Business imposed by 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 | $1,000 – $3,000 | $3,000 – $6,000 | $6,000 – $8,000 | N.A. |
| 8.8 | Designated Instruments | |||||||||||
| 8.8.2 | Compliance with any conditions imposed by the Board on dealings or trades in a Designated Instrument. | Not Compoundable | Not Compoundable | $30,000 | ||||||||
| 8.8.3 | Trading Member to provide SGX-ST with the particulars of all its dealings or trades in Designated Instruments and its customers involved within the stipulated timeline. | Not Compoundable | Not Compoundable | N.A. | N.A. | N.A. | $10,000 | |||||
| 8.9 | Corner | |||||||||||
| 8.9.2 | Compliance with any conditions imposed by the Board on dealing in a cornered security, or a futures contract on a cornered security | Not Compoundable | Not Compoundable | $10,000 | ||||||||
| 8.10 | Suspension of Trading | |||||||||||
| 8.10.3 | Trading Member not to execute transactions in a suspended security or futures contracts without SGX-ST's approval. | Not Compoundable | Not Compoundable | N.A. | N.A. | N.A. | $10,000 | |||||
| 8.11 | Trading Halts | |||||||||||
| 8.11.7 | Trading Member not to execute transactions in a security or futures contract subject to a trading halt without SGX-ST's approval. | Not Compoundable | Not Compoundable | N.A. | N.A. | N.A. | $10,000 | |||||
| 8.13 | Open Interface Applications | |||||||||||
| 8.13.1 | Trading Member to comply with the requirements SGX-ST prescribes. | 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. | N.A. | N.A. | N.A. |
Added on 16 May 201116 May 2011 and amended on 1 July 20161 July 2016 and 8 October 20188 October 2018.