8.5 Inviolability of Contracts
A contract made on SGX-ST can be cancelled only in accordance with this Rule. For avoidance of doubt, a contract is not cancelled if:—1) delivery fails;(2) payment is not made on delivery; or(3) the share registrar refuses to register a transfer.
SGX-ST may cancel a contract in any of the following circumstances:—(1) the Trading Members to an error trade (Rule 8.6) have agreed to the cancellation;(2) if a material mistake led to the error trade (Rule 8.6) and SGX-ST is satisfied that the trade should be cancelled;(3) there is prima facie evidence of fraud or wilful misrepresentation in relation to the contract; or(4) in SGX-ST's opinion, it is desirable to cancel the contract to protect the financial integrity, reputation or interests of the markets established or operated by SGX-ST.
SGX-ST may impose any conditions it thinks appropriate for the cancellation of a contract.
SGX-ST may reprimand or impose a fine not exceeding $2,000 on a Trading Representative or Trading Member who causes a contract to be cancelled. Action under this Rule is in addition to other actions which SGX-ST is entitled to take against the Trading Representative or Trading Member.