3. Conduct of Members, Approved Traders and Registered Representatives
- 3.1 Overview
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3.2 Duties Applicable to All Members, Approved Traders and Registered Representatives
- 3.2.1 General Duties of Integrity, Fair Dealing and Care
- 3.2.2 Constitutive Documents
- 3.2.3 Reporting of Change in Member's Circumstances
- 3.2.3A Reporting and Other Requirements Pertaining to Specific Contracts
- 3.2.4 Other Reporting Obligations of Members
- 3.2.5 Prohibitions on Conduct of Other Business
- 3.2.6 Settlement of Margins Due
- 3.2.7 Speculative Long and Short Positions for the Same Contract Month
- 3.2.8 Advertising Guidelines
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3.3 Duties of Members Undertaking Agency Trades
- 3.3.1 Customer Account and Know-Your-Customer Requirements
- 3.3.2 Management Approval Required for Opening Customer Accounts
- 3.3.3 Risk Disclosure Statement
- 3.3.4 Customer Instructions and Power of Attorney
- 3.3.5 Customer Education
- 3.3.6 Orders Only Via Registered Representatives
- 3.3.7 Accepting Orders without Executing
- 3.3.8 Recording of Orders
- 3.3.8A Preventing Unauthorised Changes to Order Information
- 3.3.9 Customer's Statement of Account and Contract Note
- 3.3.10 Segregation of Customers' Monies and Assets and Fiduciary Obligations
- 3.3.11 Trading or Accepting Customer's Monies or Assets After Insolvency
- 3.3.12 Customer Margins
- 3.3.13 [Deleted]
- 3.3.14 Inter-Exchange Cross Margining
- 3.3.15 Transfer of Error Trades to House Account
- 3.3.16 Transfer of Unsuccessful Give-Up Trades to House Account
- 3.3.16A Separate Accounts
- 3.3.17 Reporting of Account Identity
- 3.3.18 Reporting of Open Positions
- 3.3.19 Omnibus Accounts
- 3.3.20 Limits on Omnibus Accounts
- 3.3.21 Disclosures Relating to Omnibus Accounts
- 3.3.22 Audit Trail
- 3.3.23 Record Keeping
- 3.3.23A Register of Securities
- 3.3.24 IT and Data Security Requirements
- 3.3.25 ID Tags and Passwords
- 3.3.26 Computations of Financial and Capital Requirements
- 3.3.27 Submission of Financial Statements and Other Information to the Exchange
- 3.3.28 Certification by Auditor
- 3.3.29 Reporting Obligations of Auditors
- 3.3.30 Change of Auditors
- 3.3.31 Prohibition Against General Trading Member Acting as Guarantor
- 3.3.32 Foreign Branch of General Trading Member
- 3.3.33 Application of Rule 3.3
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3.4 Trading Practices and Conduct Rules of Members, Approved Traders and Registered Representatives
- 3.4.1 Market Manipulation
- 3.4.2 Churning
- 3.4.3 False Trading, Bucketing, Fraudulent Inducement to Trade and Employment of Fraudulent Device
- 3.4.3A Duty to Monitor for Trading Misconduct
- 3.4.4 Duty to Inform Exchange of Prohibited Trading Practices
- 3.4.5 Dissemination of False or Misleading Information
- 3.4.6 Professional Misconduct
- 3.4.7 Disclosing Orders Prohibited
- 3.4.8 Good Faith Bids and Offers.
- 3.4.9 Fictitious Transactions Without Change In Ownership
- 3.4.10 Overtrading by a Member, Approved Trader or Customer
- 3.4.11 Knowingly Taking Advantage of an Error Prohibited
- 3.4.12 Deemed Rule Violations
- 3.4.13 Front Running — Priority of Customers' Orders
- 3.4.14 Trading Against Customers' Orders Prohibited
- 3.4.15 Prohibited Conduct
- 3.5 Inspection and Audit