Chapter 8A — Marking of Sell Orders

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 8A — Marking of Sell Orders
8A.3 Marking Of Sell Orders
8A.3.1A Trading Member or Trading Representative not to enter a sell order in the Trading System if a customer has not indicated whether the sell order is a Short Sell Order or a normal sell order and /or has not indicated the required information. Compoundable $500 $1,000 $2,000 N.A. N.A. N.A. $250 $500 $1,000 N.A.
8A.3.2 Trading Member or Trading Representative not to report Direct Business through the married trade reporting system in the Trading System if a customer has not indicated whether the Direct Business sell order is a Short Sell Order or a normal sell order. Compoundable $500 $1,000 $2,000 N.A. N.A. N.A. $250 $500 $1,000 N.A.
8A.3.3 Trading Member to ensure that the necessary procedures and systems are implemented to facilitate compliance with the obligations set out in Rule 8A.3. 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
8A.6 Reporting of erroneously marked sell orders
8A.6.2 Trading Member to ensure that report submitted adheres to the requirements set out by SGX-ST and is complete and accurate. 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 11 March 201311 March 2013 and amended on 1 October 20181 October 2018.