If an investigation or inspection reveals that a Trading Representative may have breached any Rule or Directive, SGX-ST may take any of the following forms of disciplinary action, namely:

(1) to charge the Trading Representative before the Disciplinary Committee;
(2) to make an offer of composition to the Trading Representative, if the Rule violation is indicated in the third column of Schedule A as a compoundable Rule violation; or
(3) to issue a letter of warning to the Trading Representative.

Amended on 16 May 201116 May 2011.