The amendments aim to ensure that the SGX Securities Trading ("SGX-ST") Rules reflect current market practices and meet the changing needs of both the marketplace and the Exchange's Members. Key changes proposed include moving clearing provisions from SGX-ST Rules to The Central Depository ("CDP") Clearing Rules, incorporating new requirements on securities borrowing and lending activities, and inserting a new provision in respect of customer's risk awareness in holding and trading securities.
Alan Shaw, EVP and Head of the Risk Management and Regulation Division of SGX said, "Rewriting the SGX-ST Rules has been a major undertaking designed to simplify the structure and language of the manual, remove obsolete obligations, and update the rules to reflect market practices. We are very pleased to be able to invite feedback on what we are proposing."
The consultation paper is available on the Exchange's website at www.sgx.com. Market participants and members of the public can forward their feedback and suggestions on the proposed changes between now and 20 January 2003 via:-
Email: strules@sgx.com
Fax: (65) 6557 2761
Mail: Membership Department
Risk Management & Regulation Division
Singapore Exchange Limited
2 Shenton Way
#19-00 SGX Centre 1
Singapore 068804
