On Dec. 7, MarketAxess updated the RMO market rulebook.
MarketAxess published the new RMO Market Rulebook, effective Jan. 2024, in both clean and marked-up versions to assist users to identify the large number of changes.
MarketAxess is recognized by SIN MAS as a recognized market operator (RMO) under Securities and Futures Act (SFA) to operate a financial market on which professional investors, accredited investors and expert investors may all trade eligible instruments.
These rules are publicly available on the MarketAxess website and are supplemental to the agreement entered into by each participant, and each participant’s access to and use of the Market shall be governed by both the applicable agreement and these rules.
The rules shall prevail over any terms and notices available on MarketAxess interface.
An agreement may have provisions to govern both market and non-market business.
Unless stated expressly otherwise in the rules, these rules take precedence over any inconsistent terms in the agreement made, to the extent of any such inconsistency.
In the event of any conflict between a Rules 1-22 inclusive of this rulebook and the provision of any appendix, it shall be resolved according to the order of priority, first the provisions of the appendix, and then the rules 1-22 inclusive set out in rulebook.
For any conflict between the provisions of any appendix with any other appendix, such conflict shall be construed according to the order of priority stated in the appendices.
Effectiveness
The revisions to the market rulebook will now all come into effect on Jan. 1, 2024.
Oct. 2024 Updated Rulebook
On Oct. 22, 2024, MarketAxess published the revised RMO Market Rulebookwhich is effective from Nov. 1, 2024, and makes amendments regarding rules 7.6 and 11.1.
Addition of rule 7.6 related to securities offerings to Singaporean participants.
Amendment to r. 11.1 (hours of operation); changes to scheduled maintenance hours.
