Following consultation with market participants, Singapore Exchange Limited (“SGX”) today announces the revised date, for the implementation of the new settlement processes and penalty framework is 20 November 2009. The subsequent implementation of buy-in for failed securities due on T+3 will take place on 14 December 2009.
Previous implementation dates for both were 6 November 2009 and 30 November 2009 respectively.
The rescheduling was necessary due to a technical incident experienced on 5 November 2009. This incident was an isolated case, unrelated to the changes originally planned for implementation on 6 November 2009.