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SGX regulatory body seeks public consultation on changes in trading rules

All comments from the public must be made on 11 October 2023.

Singapore Exchange Regulation (SGX RegCo) is asking for public feedback on the amendments to its Futures Trading Rules (FTR), Singapore Exchange Securities Trading (SGX-ST) rules and Singapore Exchange Derivatives Clearing (SGX-DC) rules.

The proposed amendments are:

the admission and registration of Singapore Exchange Derivatives Trading (SGX-DT) Members’ representatives;

the requirements pertaining to customer margining where Members will have more flexibility in managing margin cycles, customer funds and collateral; and

the requirements for automated trading to formalise key aspects of the Algorithmic Trading Regulatory Guide. 

The revisions also aim to provide clarity and readability of the rules. 

The changes are proposed to comply with the SGX-ST rules with the FTR, where relevant, and include amendments to rules on automated trading and termination of membership.

Amendments to the SGX-DC Clearing Rules, moreover, are made to reflect corresponding FTR changes governing customer collateral.

SGXRegCo expects comments to be received by 11 October 2023.
 

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