Appendix 1 to Regulatory Notice 3.3.17; 3.3.18; 3.3.26; 3.3.27 Operational Procedures for Electronic Reporting and Submission of Information

Past version: Effective from 19 Sep 2016 to 13 Nov 2016

1 Rule 3.3.17: Reporting of Account Identity (Form BC4A)

1.1 General
1.1.1 A Member shall submit to the Exchange, using Form BC4A, details of any new account, within three (3) Business Days after the account has commenced trading (T + 3). If the account holder is an individual Trading Member or a Trading Representative of a SGX-ST member, who also executes trades on the Markets for his own account, Form BC4A must be submitted by the Member at least one (1) Business Day before it commences trading. This is to ensure accurate processing of clearing fee rebates. This requirement also applies to Trading Members (Individual) and Trading Representatives* who are changing their qualifying Clearing Members.

* Trading Representatives are dealers' representatives who are trading for their own account on SGX Quest via the SESOPS Link.
1.1.2 If there are any changes to information stated in a BC4A account that has been submitted previously, the Exchange must be notified as soon as is practicable, within the next business day.
1.1.3 Members should notify the Exchange when an account is closed in their system as soon as is practicable, to prevent unauthorised trading in the account.
1.1.4 A Member is required to submit Form BC4A for each account (including sub-account(s) of a disclosed omnibus account), which is used for trading and/or carrying of trades done on the Exchange, other exchanges and over-the-counter. As Form BC4A serves as identification for the holder of the account, no single account number should be assigned to more than one customer, even when the account has been closed. For Members, all accounts submitted via Form BC4A (i.e. BC4A account) will automatically be created in the SGXCLEAR system.
1.1.5 If Members create trading accounts directly in the SGXCLEAR system, they are not required to submit Form BC4A, but must ensure that such trading accounts created in the SGXCLEAR system are linked to valid BC4A accounts.
1.1.6 Any account number used in position reporting must correspond exactly to the account number reported in Form BC4A.
1.1.7 If an account used to register trades in the Trade Registration System is not a BC4A account or trading account created in the SGXCLEAR system, it will be considered an invalid account. Trades belonging to an invalid account will automatically be held in the Clearing Member's Holding Account in the SGXCLEAR system. Holding Accounts bear the account numbers "S999 DEFAULT", where "S999" denotes the Member's firm code. Clearing Members are not allowed to close/delete the Holding Accounts.
1.1.7A If an account specified in the orders routed to QUEST-DT is not a trading account created in SGXCLEAR under the order management system, it will be considered an invalid account. The resultant trades will automatically be held in the Member's Holding Account under the order management system in the SGXCLEAR system. Holding Accounts under an order management system bears the account number "OS999 DEFAULT", where "OS999" denotes the ID assigned to the order management system. Members are not allowed to close/delete Holding Accounts.
1.1.8 The Form BC4A must be submitted through the SGX Data Submission Website (https://esub.sgx.com), which includes the following features:
(a) creation of new BC4A account;
(b) closure of BC4A account;
(c) BC4A account amendment;
(d) reinstatement of BC4A account; and
(e) deletion of BC4A account.
1.2 Detailed Description of Submission of Form BC4A

The descriptions of the fields to be filled in for submission of Form BC4A are set out as follows:
(a) Firm ID

A Member is issued a unique ID by SGX for the purpose of electronic submission via the SGX Data Submission System.
(b) Submission Period

Date of the submission. (Format: dd/mm/yyyy)
(c) Name of the Person who prepared the submission

Full name of the person who prepared the Form BC4A submission.
(d) Action Type

Type of action for submission. Members can select the following options:
(i) N — New (For creation of new BC4A account)
(ii) A — Amend (For amendment of existing BC4A account)
(iii) C — Closed (For closure of existing BC4A account)
(iv) R — Reopen (For reinstatement of closed BC4A account)
(v) D — Delete (For deletion of BC4A account)
(e) Account Number

A unique "Account Number" must be assigned to each new account reported in Form BC4A. The account number may be up to 10 alphanumeric characters long. Only alphabets and numbers are acceptable. (Spaces, hyphens, underscores, asterisks, inverted commas, percent signs (%) and other characters will not be accepted). Please ensure that account numbers reported are in uppercase. Account numbers used must be the same as the account numbers used for trade matching and clearing in the SGXCLEAR system.
(f) Account Name

The account name must be the same as that which is used in the customer's agreement form signed by the account holder. The full name of the entity/person(s) should be stated as the account name. Any amendment to the account name must be supported by documentary evidence.
(g) Contact Name

The contact person stated should be a representative of the account holder, or the account holder himself.
(h) Address

The address of the account holder should be the same as the address stated in the customer agreement form signed by the account holder. The city and country should be included for foreign addresses.
(i) Telephone

The direct telephone number of the contact person should be provided. If the contact person is not a resident in Singapore, the country code of the location of the contact person should be included.
(j) Fax

The direct facsimile number of the contact person should be provided. If the contact person is not a resident in Singapore, the country code of the location of the contact person should be included.
(k) Principal Business

This field states the type of business the account holder specialises in. The ten (10) different categories are as follows:
•   Banks
•   Funds
•   Securities Firms
•   Insurance Companies
•   Government Firms / Agencies
•   Non — Financial / Agencies
•   Energy / Commodity Firms
•   Individuals
•   Omnibus Accounts
•   Financial
•   Others
(l) Occupation

This field allows users to specify the type of business or occupation the account holder is involved in, where it does not fall within any of the classes of principal businesses provided in the Form BC4A.
(m) Country Name

This field identifies the account holder's country of incorporation, or the country in which the account holder is residing. The following Master Table sets out the Country Code Listing.

Country Master Table
Code Description Code Description
AUS AUSTRALIA (GP A) LIB LIBERIA
ATR AUSTRIA (GP A) LIE LIECHTENSTEIN
BAM BAHAMAS LUX LUXEMBURG (GP B)
BAH BAHRAIN MAL MALAYSIA EXCEPT LABUAN (GP A)
BAN BANGLADESH MAU MAURITIUS
BEL BELGIUM (GP A) MEX MEXICO
BER BERMUDA MON MONACO
BVI BRITISH VIRGIN ISLAND MYN MYANMAR
BRU BRUNEI HOL NETHERLANDS (GP A)
CAM CAMBODIA NEA NETHERLANDS,ANTILLES
CAN CANADA (GP A) NZN NEW ZEALAND (GP A)
CAY CAYMAN ISLAND NOI NORFOLK ISLAND
CNL CHANNEL ISLAND NOR NORWAY (GP B)
PRC CHINA (GP B) OMA OMAN
DEN DENMARK OTH OTHERS
FIN FINLAND (GP B) PHI PHILIPPINES (GP B)
FRA FRANCE (GP A) POR PORTUGAL (GP B)
GER GERMANY (GP A) RUS RUSSIA
GIB GIBRALTAR SAR SAUDI ARABIA
GRE GREECE (GP B) SIN SINGAPORE
HKG HONG KONG (GP A) SLO SLOVENIA
INA INDIA (GP B) SAF SOUTH AFRICA
IND INDONESIA (GP B) SPA SPAIN (GP A)
IRE IRELAND (GP B) SRI SRI LANKA
IOM ISLE OF MAN SWE SWEDEN (GP A)
ISR ISRAEL SWZ SWITZERLAND (GP A)
ITA ITALY (GP A) TAH TAHITI
IVC IVORY COAST ROC TAIWAN (GP A)
JPN JAPAN (GP A) THA THAILAND (GP A)
NKR KOREA — NORTH UAE UNITED ARAB EMIRATES
SKR KOREA — SOUTH (GP A) UK UNITED KINGDOM (GP A)
KUW KUWAIT USA UNITED STATES OF AMERICA (GP A)
LAT LATVIA URU URUGUAY
(n) Account Category

An account should be reported as a "Main" account unless it is a sub-account of an omnibus account. If the account is a sub-account, then the omnibus account number (which must be the same as the account number previously reported to the Exchange) must be stated. An omnibus account must be reported before the sub-account(s), so that the sub-account(s) can be correctly linked to the omnibus account.

If the account is a disclosed omnibus account, Form BC4A must be submitted for each sub-account. However, if the account is an undisclosed omnibus account and the sub-accounts are not used for position reporting and trades clearing, Form BC4A is not required for the sub-account(s). Members need not submit Form BC4A to the Exchange for trading accounts which are to be linked to a "Main" BC4A account using the STAR system.
(o) Omnibus Account No.

When the account is reported as a sub-account, users must provide the omnibus account, which the sub-account is linked to. The omnibus account number should be reported in uppercase.
(p) Origin

A "House" origin account refers to the proprietary account of a Member or the proprietary account of its Related Corporation. It also includes the accounts opened for a director, officer, employee or Registered Representative of the Member.

All other accounts are considered as "Customer" origin accounts.
(q) Nature of Account

A "Proprietary" account is one where the positions carried in the account are for the proprietary trading of the account holder, or the proprietary trading of the account holder's related corporations.

A "Non-Proprietary" account is one where the positions carried in the account belong to the customers of the account holder.
(r) Type of Account

This field specifies the type of account. Currently, the Exchange has classified the various types of trades into nine (9) categories. The following definition for the account type may be used as a reference:
•   Approved Arbitrageur or Options Market — Maker

Where the account holder is an arbitrageur or options market-maker approved by the Exchange to conduct such business. Long positions are automatically offset against short positions.
•   Arbitrage^

Positions in such accounts are maintained for the purposes of arbitraging against other markets. Long positions are not automatically offset against short positions. Instructions must be provided to close out an existing position.

^ The Exchange may require documentary evidence for accounts which are designated as "hedge", "arbitrage", or "omnibus".
•   Arbitrage Open

Positions in such accounts are maintained for the purposes of arbitraging against other markets. Long positions are not automatically offset against short positions. Instructions must be provided to close out an existing position.
•   Error

Such account types allow for booking of trades that are executed wrongly. Such an account should have a "zero" balance at the end of the business day.
•   Hedge^

Positions in such accounts are maintained for hedging against cash market or other types of exposures. Long positions are not automatically offset against short positions. Instructions must be provided in order to close out an existing position.

^ The Exchange may require documentary evidence for accounts which are designated as "hedge", "arbitrage", or "omnibus".
•   MOS / Execution

Mutual Offset System ("MOS") account is for booking trades to be transferred to another member on a participating exchange via the mutual offset linkage at the end of the business day. The Execution account is for booking trades that are purely for execution and give-up only.
•   Omnibus^

This account type is used when there are a number of underlying Customers, whose positions are carried in sub-accounts. Long positions are not automatically offset against short positions. Instructions must be provided in order to close out an existing position in any sub-account.

^ The Exchange may require documentary evidence for accounts which are designated as "hedge", "arbitrage", or "omnibus".
•   Order — Filling

Order — Filling accounts are used for booking trades executed by local order-fillers, or trades executed by Trading Members (or by Clearing Members themselves) on the instruction of other corporate Members for give-up to those Members, until the trades are given up to the accepting corporate Member. This type of account should have a "zero" balance at the end of each business day as the trades booked are given up to the carrying broker by that time.
•   Speculative

Such accounts are for taking speculative positions in the market, i.e. where the account holder does not hold concurrent long and short positions. For this type of account, long and short positions are automatically offset against each other.
(s) Ownership

The Exchange has classified the various types of ownership into seven (7) categories. The following descriptions may be used as a reference:
•   Your Company

Where the account holder is the Member itself.
•   Another SGX Corporate Member

Where the account holder is a Clearing Member, Trading Member and Trading Member (Proprietary).
•   Your Related Corporation

Where the account holder is a Related Corporation of the Member.
•   Non — Related Corporation

Where the account holder is a corporation, but is not a Related Corporation of the Member.
•   Individual Person

Where the account holder is an individual. This includes directors, officers, employees and Registered Representatives.
•   Trading Member (Individual)

Where the account holder is a Trading Member (Individual) or a trading representative.
(t) Fee Type

The appropriate clearing fee type for the account should be indicated. The SGXCLEAR system will automatically use the clearing fee type reported as the fee type for the account number when it is used in the SGXCLEAR system for computation of clearing fees. For amendment of fee type, Members will not be able to change the fee type through the SGXCLEAR terminals; it must be done via Form BC4A amendment. The Exchange has classified the various fee types into ten (10) categories. The following descriptions may be used as a reference:
•   1 — Trading Member (Individual)'s own trades
•   2 — Clearing Member's house (or proprietary) account
•   3 — Trading Member's house (or proprietary) account
•   5 — Clearing Member's Customer account
•   6 — Trading Member's Customer account
•   7 — Trading Member (Proprietary)'s account
•   8 — Clearing Member's Related Corporation's house (or proprietary) account
•   E — Trading Representative who is a Registered Representative [RR] / Capital Markets Services' Representative [MSR] of a Trading Member
•   F — Trading Representative who is not a Registered Representative [RR] / Capital Markets Services' Representative [MSR] of a Trading Member
•   G — Trading Representative who is a Registered Representative [RR] / Capital Markets Services' Representative [MSR] of a Clearing Member
(u) Broker Code

Clearing Members are required to provide the broker symbol when the account is opened for a Trading Member (Individual) or a Trading Representative. Otherwise, this item should be left blank.
(v) Ultimate Parent Company of this account holder

If the account holder is a corporation, Members are required to inform the Exchange of the ultimate parent company of the account holder. As an example below, if Company C is the reporting BC4A account, then Company A should be reported as the ultimate parent company.

(w) Is this account used for position reporting?

Indicate Y (Yes) if the account number is used for Position Change Sheet ("PCS") Reporting or indicate N (No) if this is an omnibus account and the sub accounts are used for PCS reporting. As this field is not applicable for Trading Members, Trading Members should indicate N (No) for all accounts.
(x) Does this account control trading of or have a 10% or more financial interest in any other accounts?

If the account has a 10% or more financial interest and / or controls the trading of other accounts carried with the Member, the account names and account numbers of these accounts must be provided.
(y) Do any other persons/account owners control trading of or have a 10% or more financial interest in this account?

If other persons / account owners control the trading of or have a 10% or more financial interest in this account, the account names and account numbers of these persons or accounts must be provided.
1.3 Printing and Filing

The XML file enables members to print hardcopies of the Form BC4A for filing, if required.

A sample BC4A form is as follows:

2 Rule 3.3.18: Reporting of Open Positions (Form BC3A)

2.1 After the Member has recorded the daily report of Open Positions in all accounts at the end of each Trading Day, it should submit Form BC3A to the Exchange no later than 11:00 a.m. of the following Business Day. For disclosed Omnibus Accounts, a Member shall report the Open Positions in each sub-account.

3 Rule 3.3.26: Computations of Financial and Capital Requirements; and Rule 3.3.27: Submission of Financial Statements and Other Information to the Exchange

3.1 Where a Member fails to submit the monthly requisite financial returns within the prescribed time, there shall be imposed upon the Member a late fee of $100 for each day that the returns are not submitted in the prescribed time, unless an extension of time has been granted.

Amended on 1 April 20141 April 2014 and 19 September 201619 September 2016.