1.1.1
The Rules, and any Directives, operate as a binding contract between SGX-ST and each Trading Member, and between a Trading Member and any other Trading Member.
1.1.2
A person who is not a party to the Rules has no rights under the Contracts (Rights of Third Parties) Act (Cap. 53B) to enforce the Rules, regardless of whether such person has been identified by name, as a member of a class or as answering a particular description.
Amended on 23 January 200923 January 2009.
1.1.3
A person is deemed to be bound by the Rules and any Directives upon approval of the person's admission or registration (where applicable) by SGX-ST.
1.1.4
A person admitted or registered by SGX-ST must comply with the Rules:—
1.2.1
SGX-ST may waive a rule (or part of a rule) to suit the circumstances of a particular case, unless the rule specifies that SGX-ST will not waive it. SGX-ST may grant a waiver subject to such conditions as it considers appropriate. A waiver is only effective if the conditions are satisfied. If a waiver is granted, SGX-ST will notify all Trading Members of the waiver as soon as practicable.
1.3.1
The Rules may be amended by the Board in accordance with the Securities and Futures Act.
Amended on 23 January 200923 January 2009.
1.5.1
SGX-ST may, from time to time, issue Practice Notes to provide guidance on the interpretation and application of any rule. A practice note does not bind SGX-ST in the application of a rule.
1.6.1
SGX-ST may, from time to time, publish transitional arrangements in relation to any amended or new rule(s).
1.7.1
The order of precedence of the following instruments applicable to SGX-ST and Trading Members shall be (in descending order of precedence):
Added on 26 April 201326 April 2013
1.7.2
In the event of any conflict between the provisions of the aforesaid instruments, the provisions in an instrument with a higher level of precedence shall prevail over the provisions in an instrument with a lower level of precedence.
Added on 26 April 201326 April 2013
2.2.1
SGX-ST may delegate, assign or grant authority to exercise any of its rights, powers, authorities and discretions under these Rules, including any right to enforce these Rules, to such person or entity as it may determine in its sole discretion, without consent from any Trading Member.
Amended on 15 September 201715 September 2017.
2.2.2
Where these Rules provide that any power, authority or discretion is to be exercised by the Board, the Board may delegate, assign or grant authority to exercise such power, authority or discretion to any person or entity. The Board may authorise a delegate to sub-delegate.
Added on 15 September 201715 September 2017.
2.2.A.1
SGX RegCo shall have the authority to exercise any rights, powers, authorities and discretions under these Rules, including the right to enforce these Rules. In the exercise of any such rights, powers, authorities and discretions under these Rules, SGX RegCo shall be bound to the same extent as the Exchange in respect of any obligations arising from the exercise of such rights, powers, authorities and discretions.
Added on 15 September 201715 September 2017.
2.3.1
SGX-ST will consider (and, if practicable, give effect to) advice tendered by the Securities Industry Council on matters relating to the securities industry.
2.4.1
None of SGX-ST, SGX RegCo, or their respective Directors, Officers, employees, representatives or agents (the "Relevant Persons") shall be liable to any Trading Member, or any of its customers, for but not limited to:—
Amended on 3 April 20083 April 2008, 15 September 201715 September 2017 and 8 October 20188 October 2018.
2.4.2
Without prejudice to the generality of Rule 2.4.1, none of the Relevant Persons (i) makes any warranty, express or implied, or (ii) shall be liable to any person in respect of, or in connection with, any of the following:—
Amended on 15 September 201715 September 2017.
2.4.3
In Rule 2.4.2, a reference to an Index is a reference to making, calculating or compiling the Index, or any intra day proxies related or referable thereto, or any information or data included in or referable thereto.
2.4.4
SGX-ST may require a Trading Member to pay SGX-ST's costs of producing (pursuant to a court order or other legal process) records relating to the business or affairs of a Trading Member, any of its Directors, Officers, Trading Representatives, employees or agents. This applies regardless of who requires the production.
2.5.1
Each Trading Member indemnifies each of SGX-ST, SGX RegCo, and their respective Directors, Officers, employees, representatives and agents ("Indemnified Persons") against any loss or liability reasonably incurred or suffered by an Indemnified Persons where such loss or liability arose out of or in connection with:—
Amended on 26 April 201326 April 2013 and 15 September 201715 September 2017.
2.5.2
Without prejudice to the generality of Rule 2.5.1, in the event that any legal, arbitration or other proceedings are brought to impose any liability on all or any of the Indemnified Persons for an alleged failure on the part of any Indemnified Person to prevent or to require action by a Trading Member or any of its Directors, Officers, employees, representatives (including without limitation Trading Representatives) or agents, the Trading Member shall reimburse the relevant Indemnified Person for:—
The Trading Member shall render such co-operation as the Indemnified Person reasonably requires in respect of such proceedings including without limitation the production of any document or records.
Amended on 26 April 201326 April 2013 and 15 September 201715 September 2017.
2.5.3
Without prejudice to Rule 2.5.2, the Trading Member shall pay to an Indemnified Person, if the Indemnified Person so requires, the costs incurred by or on behalf of the Indemnified Person of producing or obtaining, pursuant to a court order or other legal process, records relating to the business or affairs of a Trading Member or any of its Directors, Officers, representatives (including without limitation Trading Representatives), employees or agents, regardless of the party requiring such production or obtainment.
Amended on 26 April 201326 April 2013 and 15 September 201715 September 2017.
2.6.1
SGX-ST may request a Trading Member to provide information or records for the discharge of SGX-ST's duties or the protection of investors and public interest. Such information or records include the terms and circumstances of, and parties to any dealings in securities or trades in futures contracts by a Trading Member's customers or former customers, and the terms of employment or contract and duties of a person acting for a Trading Member. The information or records must not contain untrue statements, be misleading or omit material statements.
Amended on 3 April 20083 April 2008 and 8 October 20188 October 2018.
2.7.1
SGX-ST will take all reasonable measures to protect information provided to it by or on behalf of a Trading Member under the Rules from unauthorised use or disclosure.
2.7.2
Disclosure of information by SGX-ST is not unauthorised use or disclosure if it:—
Amended on 3 April 20083 April 2008 and 23 January 200923 January 2009.
2.7.3
Nothing in Rule 2.7.2 limits what may at common law otherwise constitute authorised use or disclosure of information.
2.8.1
SGX-ST will maintain the following registers:—
2.8.2
An entry in a Register will be deleted by SGX-ST when a person ceases membership or registration.
2.9.1
SGX-ST will establish and administer a fidelity fund in accordance with Part XI of the Securities and Futures Act.
3.1.1
The Official List of SGX-ST consists of companies admitted to (and not removed from) the Official List of the SGX Mainboard and the Official List of SGX Catalist.
Amended on 3 April 20083 April 2008.
3.1.2
SGX-ST may, in its absolute discretion, admit, refuse, suspend or remove the official listing of an entity. The decision of SGX-ST is final. SGX-ST is not obliged to give any reasons.
3.1.3
SGX-ST's powers include:—
Amended on 1 February 20071 February 2007, 3 April 20083 April 2008 and 8 October 20188 October 2018.
3.1.4
Trading Members and Trading Representatives shall comply with all prescribed conditions and restrictions imposed under Rule 3.1.3(3).
Added on 1 February 20071 February 2007.
3.2.1
A Non-Listed Security may be quoted for trading on the Non-Listed Securities market on such conditions as SGX-ST prescribes.
Amended on 3 April 20083 April 2008.
3.2.2
All trades in Non-Listed Securities are subject to the Rules and any Directives.
Amended on 3 April 20083 April 2008.
3.2.3
A Non-Listed Security is quoted in the currency SGX-ST prescribes.
Amended on 3 April 20083 April 2008.
3.2.4
SGX-ST may, at its absolute discretion, approve, refuse, suspend or withdraw the quotation of a Non-Listed Security. The decision of SGX-ST is final. SGX-ST is not obliged to give any reasons.
Amended on 3 April 20083 April 2008.
3.2.5
Without limiting Rule 3.2.4, if a Non-Listed Security is declared a Designated Security (or equivalent) or is declared to be cornered (or equivalent) in the foreign stock exchange on which it is listed, SGX-ST will suspend it (including on such terms that it deems necessary) as soon as SGX-ST is aware of the declaration.
Amended on 3 April 20083 April 2008.
3.2.6
A contract note for a trade in a Non-Listed Security must state that the company:—
Amended on 3 April 20083 April 2008.
3.2.7
The delivery and settlement of trades in Non-Listed Securities are subject to the Settlement Rules in Chapter 9. SGX-ST may vary the delivery and settlement terms.
Amended on 3 April 20083 April 2008.
3.3.1
SGX-ST may operate a futures market and list futures contracts for trading on the Trading System.
Amended on 3 April 20083 April 2008 and 8 October 20188 October 2018.