Rule 8 – Dispute Resolution
Summary of this Rule 8:
Rule 8 outlines the procedures for handling disputes between Members and the Exchange. It specifies that disputes shall be attempted to be resolved in good faith, and if this fails, shall be referred to arbitration in Singapore. For disputes between Members, Clearing Members of the Relevant Clearing Houses and the Clearing Houses themselves, all dispute resolution shall occur away from the Exchange and without the involvement of the Exchange other than in an advisory role. The Rule stipulates each party’s duty to participate in dispute resolution and which procedures are set as guidelines in case of disputes. This Rule also deals with the role of the Relevant Clearing House in relation to Contracts and the Exchange.