SINGAPORE: The Singapore Exchange (SGX) is consulting the securities and derivatives markets on proposed rule changes to provide market participants with more clarity of their rights and responsibilities.
The proposed rule changes are meant to clarify when settlement and other payments between the clearing house and clearing members become final.
SGX is proposing rule refinements to remove rules related to the trading, clearing or settlement of physical scrip in the securities market.
It is also seeking to formalise the practice of SGX members maintaining separate accounts for each customer.
This will help monitor risks associated with customers of SGX members.
The rule amendments are set out in two consultation papers and are available from Thursday at www.sgx.com
The SGX invites comments on the papers till 3 January 2013.
- CNA/xq
SGX consults markets on proposed rule changes
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SGX consults markets on proposed rule changes
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SGX consults markets on proposed rule changes
