| Rule Violation | Whether composition may be offered | Composition Amount which may be Offered by CDP, where CDP has Determined the Clearing Member to be Liable | Mandatory minimum penalty imposable by the DC | |||
| Rule Chapter/Number | Brief Description of Rule | 1st Violation | 2nd Violation | 3rd Violation | ||
| Rule 7 — Clearing Fund | ||||||
| 7.2 | Top up of Clearing Member’s Contributions in an Event of Default | |||||
| 7.2.1 | Clearing Member to pay the required contributions to the Clearing Fund within time stipulated by CDP | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 7.10 | Top Up of Clearing Member’s Contributions | |||||
| 7.10.3 | Clearing Member to top up deficiency in Clearing Fund contributions within time determined by CDP | Compoundable | $2,000 – $4,000 | $4,000 – $7,000 | $7,000 – $10,000 | N.A. |
| 7.7A | Interest and Fees | |||||
| 7.7A.1 | Clearing Member to pay CDP such administrative fees as may be prescribed by CDP for the investment and management of the assets of the Clearing Fund and any excess monies and assets placed with CDP in respect of the Clearing Fund. | Compoundable | $500 | $1,000 | $2,000 | N.A. |
Added on 16 May 201116 May 2011, amended on 21 January 201321 January 2013, and amended on 10 May 2023.