1.1 Application of Rules
The Rules operate as a binding contract between SGX-ST and each Registered Person, and between each Trading Member and every other Trading Member.
A Trading Member is deemed to be bound by the Rules upon approval of the Trading Member's admission as a Trading Member by SGX-ST.
A Registered Person, other than a Trading Member, is deemed to be bound by the Rules upon registration with SGX-ST.
In interpreting the Rules, the intention and purpose behind the specific Rule and the Rules generally shall be taken into consideration. The Rules operate to ensure fair, orderly and transparent trading, to maintain an efficient and reputable market, to reduce systemic risk to participants in the market and to protect the investing public.
A person who is not a party to the Rules has no rights under the Contracts (Rights of Third Parties) Act 2001 to enforce or enjoy the benefit of the Rules, regardless of whether such person has been identified by name, as a member of a class or as answering a particular description.