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Regulatory Notice 3.3.3 — Disclosure Obligations in relation to trading in Dairy Contracts

Issue Date Cross Reference Enquiries
Added on
22 November 2021.
Rule 3.3.3 Please contact Member Supervision Officers or email asksgx@sgx.com.
1 Introduction
1.1 In this Regulatory Notice, unless the context requires otherwise, the following capitalised terms shall have the meanings set forth below:
Dairy Contracts” refers to Contracts in relation to dairy products which are listed and traded on the SGX-DT Market.
New Zealand Client” refers to any Person, who is resident, incorporated or domiciled in New Zealand.
1.2 This Regulatory Notice sets out additional details which a Trading Member must disclose to its Customer who is a New Zealand Client in relation to trading in Dairy Contracts.
2 Disclosure to Customers
2.1 Before a Trading Member accepts the first order from a Customer who is a New Zealand Client to trade in any Dairy Contract on the Exchange, the Trading Member must disclose to the Customer who is a New Zealand Client the significant differences between trading derivatives on the Exchange and trading derivatives on a New Zealand-based market.
2.2 The matters that must be disclosed include, but are not limited to, the following:
(a) the Exchange’s principal place of business is located in Singapore;
(b) the Exchange is regulated primarily under the regulatory regime of Singapore;
(c) the rights and remedies of, and compensation arrangements for, investors who acquire products offered on the Exchange may differ from the rights and remedies of, and compensation arrangements for, investors who acquire products offered on a New Zealand-based market; and
(d) New Zealand investors who acquire products offered on the Exchange may be subject to the effects of changes in currency exchange rates.