SGX-ST Rules
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Chapter 1 General
- 1.1 Application of Rules
- 1.2 Waivers or Variation
- 1.3 Rules, Directives and Regulatory Notices
- 1.4 Practice Notes
- 1.5 Transitional Arrangements
- 1.6 Order of Precedence
- 1.7 Delegation and Assignment
- 1.8 SGX RegCo's Authority
- 1.9 Limitation of Liability
- 1.10 Indemnity
- 1.11 Provision of Information
- 1.12 Disclosure of Information by SGX-ST
- 1.13 Registers
- 1.14 Fidelity Fund
- 1.15 Governing Law and Jurisdiction
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Chapter 2 Admission and Registration of Trading Members, Chief Executive Officers and Trading Representatives
- 2.1 Trading Member Admission Criteria
- 2.2 Application Procedures
- 2.3 Appeals
- 2.4 Register of Trading Members
- 2.5 Trading Rights
- 2.6 Appointment and Registration of Chief Executive Officer
- 2.7 De-Registration of Chief Executive Officer
- 2.8 Appointment and Registration of Trading Representatives
- 2.9 De-Registration of Trading Representative
- 2.10 Compliance
- 2.11 Payment
- 2.12 Constitutional Documents
- 2.13 Business Name/Contact Details
- 2.14 Board of Directors
- 2.15 Directorship of SGX-ST Listed Company
- 2.16 Change in Control
- 2.17 Other Businesses
- 2.18 Reporting of Adverse Events
- 2.19 Voluntary Liquidation
- 2.20 Cessation of Trading Rights
- 2.21 Action against Defaulters
- 2.22 Suspension and Restriction of Activities
- 2.23 Termination of Membership
- 2.24 Notification and Appeal
- 2.25 Voluntary Suspension of Business
- 2.26 Resignation
- 2.27 Obligations of a Former Trading Member, Former Chief Executive Officer and Former Trading Representative
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Chapter 3 Capital and Financial Requirements
- 3.1 Interpretation
- 3.2 Base Capital Requirement
- 3.3 Financial Resources Requirement
- 3.4 Aggregate Indebtedness Requirement
- 3.5 Powers to Impose Other Requirements
- 3.6 Exposure to Single Customer
- 3.7 Remote Trading Member: Exposure to Single Customer
- 3.8 Exposure to Single Security
- 3.9 Remote Trading Members: Exposure to Single Security
- 3.10 Margin Financing
- 3.11 Borrowing and Lending of Specified Products
- 3.12 Submission of Returns
- 3.13 Annual Financial Audit
- 3.14 Provision in Annual Accounts
- 3.15 Other Financial Requirements
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Chapter 4 Operational Requirements
- 4.1 Member Systems
- 4.2 Direct Market Access and Sponsored Access
- 4.3 Suspension and Termination of Direct Market Access
- 4.4 Control of Access
- 4.5 Responsibility to SGX-ST
- 4.6 Training and Supervision
- 4.7 Compliance Review
- 4.8 Good Business Practice
- 4.9 Control of Operations
- 4.10 Risk Management and Financial Controls
- 4.11 Outsourcing Conditions
- 4.12 Business Continuity Requirements
- 4.13 Records for Compliance
- 4.14 Confidentiality of Customer's Information
- 4.15 Opening of Customer Accounts
- 4.16 Risk Disclosure
- 4.17 Separate Trading Accounts and Account Designation
- 4.18 Customer Education
- 4.19 Trading by Employees and Agents
- 4.20 Arrangements with Remisiers
- 4.21 Remisiers Working in Teams
- 4.22 Trading Authority
- 4.23 Brokerages and Charges
- 4.24 Contract Notes
- 4.25 Statements of Account to Customers
- 4.26 Amendment of Contract
- 4.27 Communication with Customers
- 4.28 Payment to Customers
- 4.29 Segregation of Customer's and Remisier's Monies and Assets
- 4.30 Segregation of Customer's and Remisier's Monies and Assets — Monies
- 4.31 Segregation of Customer's and Remisier's Monies and Assets — Assets
- 4.32 Reporting of Delinquent Accounts
- 4.33 Stock Account
- 4.34 Position Accounts
- 4.35 Broker-linked Balances
- 4.36 Advertising
- 4.37 Use of Office Premises
- 4.38 Soft Dollar Commissions
- 4.39 Research and Corporate Finance Activities
- 4.40 Application of Chapter 4 to Remote Trading Member
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Chapter 5 Trading Practices and Conduct
- 5.1 Principal to other Trading Member
- 5.2 Contracts
- 5.3 Qualification by a Clearing Member
- 5.4 Acting as Principal to Customer
- 5.5 Acting as Agent to Customer
- 5.6 Separation of Customer and Proprietary Trading Activities
- 5.7 Precedence of Customer Orders
- 5.8 Arrangement with Customers
- 5.9 Customer Margin Management for Trading Members
- 5.10 Unauthorised Trading
- 5.11 Excessive Trading
- 5.12 Prohibited Trading Conduct
- 5.13 Record of Orders
- 5.14 Dealing Assistant
- 5.15 Responsibility for Orders
- 5.16 Identification and Password
- 5.17 Miscellaneous
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Chapter 6 Designated Market-Makers
- 6.1 Registration Criteria
- 6.2 Application Procedures
- 6.3 Appeals
- 6.4 Register of Designated Market-Makers
- 6.5 Proprietary Accounts
- 6.6 Obligations of a Designated Market-Maker
- 6.7 Suspension or Restriction of Trades in Specified Instruments
- 6.8 Suspension and Restriction of Activities
- 6.9 Revocation of Registration
- 6.10 Notification of Action and Appeal
- 6.11 Resignation
- 6.12 Obligations of a Former Designated Market-Maker
- Chapter 7 Listing and Quotation
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Chapter 8 Trading
- 8.1 Trading
- 8.2 Trading Hours, Market Phases and Rules for Trading Matching
- 8.3 Closing Price of Prescribed Instrument
- 8.4 Contingency Order Withdrawal
- 8.5 Orders
- 8.6 Trading Basis of Securities
- 8.7 Marking of Sell Orders
- 8.8 Publication of Report of Short Sell Orders
- 8.9 Reporting of Erroneously Marked Sell Orders
- 8.10 Direct Business
- 8.11 Designated Instruments
- 8.12 Corner
- 8.13 Suspension and Restriction of Trading
- 8.14 Circuit Breakers and Cooling-Off Periods
- 8.15 Trading Halts
- 8.16 Emergency Powers
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Chapter 9 Settlement
- 9.1 Mode of Settlement for Trades Cleared by CDP
- 9.2 Settlement Basis and Eligibility for Clearing by CDP
- 9.3 Mode of Settlement for Trades Not Cleared by CDP
- 9.4 Relationship Between Trading Member and Selling Customer
- 9.5 Relationship Between Trading Member and Clearing Member
- 9.6 Relationship Between Trading Member and Buying Customer
- Chapter 10 Requirements on Specific Securities and Futures Contracts
- Chapter 11 Cancellation of Contracts and Trades
- Chapter 12 Supervision and Enforcement
- Chapter 13 Definitions and Interpretation
- Directives
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Regulatory Notices
- Regulatory Notice 4.1 — Adequacy of Systems
- Regulatory Notice 4.13.1 — Audit Trails and Records
- Regulatory Notice 4.13, 4.16, 4.24, 4.25 and 4.29 — Operational Requirements for Remote Trading Members
- Regulatory Notice 4.24.1 — Contract Notes
- Regulatory Notice 4.34.4 and 4.34.5 — Allocation of Trades to Position Accounts
- Regulatory Notice 8.2.1 — Trading Hours, Market Phases, Application of Market Phases and Principles and Rules for Trade Matching
- Regulatory Notice 8.3 — Closing Price of Prescribed Instrument
- Regulatory Notice 8.4 — Procedures for Contingency Order Withdrawal
- Regulatory Notice 8.5.2 — Minimum Bid Size
- Regulatory Notice 8.7 and 8.9 — Obligations of Trading Members to Mark Sell Orders
- Regulatory Notice 8.14.1 — Circuit Breaker
- Regulatory Notice 11.4.2(d) — Computation of Monetary Loss
- Regulatory Notice 11.4.2(g) — Application of the Force Key
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Practice Notes
- Practice Note 3.7 and 3.9 Remote Trading Member Exposure to Single Customer and Single Security
- Practice Note 4.2 Direct Market Access And Sponsored Access
- Practice Note 4.9.3 Conflicts of Interest
- Practice Note 4.10.1(b) Pre Execution Checks
- Practice Note 4.10.1(c) Error Prevention Alerts
- Practice Note 4.10.2 Firm Level Monitoring of Capital and Financial Requirements and Prudential Limits
- Practice Note 4.12 Business Continuity Requirements
- Practice Note 4.15.2(a) and (b) Opening of Customer Accounts: Obtaining Adequate Particulars, Verification of Identity, and Verification of Authority to Trade
- Practice Note 4.15.2(d) Understanding a Customer's Risk Appetite and Investment Objectives
- Practice Note 4.15.3 Additional Safeguards for Trading by Young Investors
- Practice Note 4.15.5 Approval of Customer Accounts
- Practice Note 4.18 Education for Internet Trading Customers
- Practice Note 4.24.3(c) Evidence of Informed Consent for Contract Notes in Electronic Form
- Practice Note 4.38 Soft Dollar Receipts or Payments
- Practice Note 5.7 Precedence of Customer Orders
- Practice Note 5.12 False Trading and Market Rigging
- Practice Note 5.12.3 Transaction with no change in beneficial ownership
- Practice Note 5.12.9 Processes for Review of Orders and Trades
- Practice Note 8.11.1 Designated Instruments
- Practice Note 8.13 and 8.15 Characteristics of Suspension and Trading Halt
- Practice Note 8.13.4 and 8.15.7 Approval of Off-Market Trades in a Security or Futures Contract Subject to Suspension or Trading Halt
- Practice Note 9.6.4(b) Money Received on Account of Customer
- Practice Note 11.1.2 and 11.3 Trade Cancellation Procedures
- Practice Note 11.5.5(c) Alternative Reference Price For No Cancellation Range
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Schedule A
- Chapter 1 General
- Chapter 2 Admission and Registration of Trading Members, Chief Executive Officers and Trading Representatives
- Chapter 3 Capital and Financial Requirements
- Chapter 4 Operational Requirements
- Chapter 5 Trading Practices and Conduct
- Chapter 6 Designated Market-Maker ("DMM")
- Chapter 7 Listing and Quotation
- Chapter 8 Trading
- Chapter 9 Settlement
- Chapter 10 Requirements on Specific Securities and Futures Contracts
- Chapter 11 Cancellation of Contracts and Error Trades
- Chapter 12 Supervision and Enforcement