SGX Shuffles Disciplinary, Appeals Committees, Appointing Eight New Members

Singapore Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (SGX) has announced a series of appointments to its independent Disciplinary Committee and Appeals Committee, adding a total of eight new members to the two groups.

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The appointments come less than a week after SGX launched a new independent regulatory subsidiary, SGX RegCo, which will focus on enhancing the governance of SGX as a self-regulatory organization – the group will be naming Tan Cheng Han as its Chairman.

SGX’s Disciplinary Committee conducts a wide range of functions, its most important being the hearing of charges brought by the exchange group against persons who have breached SGX’s listing, trading or Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term rules. The independent Disciplinary Committee will be on-boarding six new members:

• Cavinder Bull – Senior Counsel, Director, Drew & Napier LLC
• Tan Chong Huat, Senior Partner, RHTLaw Taylor Wessing LLP
• Cheng Ai Phing, Director, GIG Consulting Pte Ltd
• George Lee, Senior Adviser, OCBC Bank
• Tommy Tan, Chief Executive Officer, TC Capital Pte. Ltd
• Soh Gim Teik, Partner, Finix Corporate Advisor LLP

The group will also be augmenting its Appeals Committee selecting the following individuals for new appointments:

• Chan Leng Sun, Head, Dispute Resolution in Baker McKenzie.
• Kan Yut Keong Benjamin, Managing Director of Cornerstone Advisors

All eight appointments are tendered with immediate effect and have been made in consultation with the Monetary Authority of Singapore. Each new member will be replacing existing ones who have recently retired or who will be retiring after having served a period of nine years or more on the respective committees.

According to SGX Chief Regulatory Officer Tan Boon Gin in a statement on the group appointments: “SGX’s long term success depends on our having and maintaining a solid record as a market regulator and operator, which in turn depends on the enforcement of our rules. The Disciplinary and Appeals Committees play a key role in disciplining errant market participants.”

“We thank the retiring members, as well as existing members, for their service on the Committees and their contributions in making decisions on issues which impact market participants. At the same time, we welcome the new members who with their diverse backgrounds and expertise, will be well placed to participate in the Disciplinary and Appeals Committees’ decision-making,” he added.