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PDEx Rules

PDEx Rules for the Fixed Income Securities Market as Amended-Revised 25 February 2021

REPO Rules

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PDEx SLT Program Rules

Revised MCEC Internal Rules

Subject to the Securities and Exchange Commission (SEC) approval and pursuant to the procedures set forth in the SRC Rules, PDEx’s power to adopt and amend rules also includes the power to repeal existing rules, implement such rules and provide interpretative guidance to aid in compliance.

The proposal shall be disseminated for comment simultaneous with submission of the same to the SEC for information.

Posting DateRule Proposals for Comment
14 February 2025Proposed Penalties for Violations of Best Execution – Consolidated Fines and Penalties
03 December 2024 Proposed Amendments on Consolidated Fines and Penalties 003-2024

The following proposals have been disseminated for comments. Upon consideration of the comments received, revisions, if any, have been incorporated, and the revised and/or final draft has been submitted to the Securities and Exchange Commission (SEC) for its approval.

Posting DateRule Proposals for Comment
2025 – February 14Proposed Penalties for Violations of Best Execution – Consolidated Fines and Penalties
2024 – January 23Proposed Amendments on Consolidated Fines and Penalties 003-2024
2023 – June 30Proposed Amendments to PDEx Rules on Minimum Broker Commission
2022 – December 20Proposed Amendments to PDEx Rules on Credit Rating as a Listing & Enrollment Requirement
2022 – June 16Proposed Amendments to PDEx Rule 16.4 on Comment Period
2022 – May 12Proposed Amendments to the PDEx Rules on Suspense Account and Cash Settlement Banks
2021 – July 28Proposed Amendments to the PDEx Rules on Special Market Participant
2021 – June 02Proposed Amendments to the PDEx Rules on Electronic Submission of Listing and Enrollment Requirements
2021 – June 02Proposed Amendments to the PDEx Rules on Credit Rating as Listing Requirement
2021 – June 02Proposed Amendments to the PDEx Rules on NRoSS as Securities Settlement Agent
2021 – March 12Proposed Amendments to Qualifications of Dealing and Brokering Participants
2021 – March 12Proposed Amendments to Definition of Terms (Traders and Salesmen)
2021 – March 12Proposed Penalties for Violation of Best Execution Rule
2021 – March 12Proposed Penalties for Cash Settlement Banks
2020 – November 20Proposed Amendments to Market Makers_Definition of Terms, Rule 1.12, and Rule 7.16
2020 – November 20Proposed Amendment to Timeliness Standard
2019 – November 04Proposed Amendments to the PDEx Rules on Failed Trades and Delayed Settlement
2017 – July 03 Proposed Amendments: Enrollment of Securities Issued Under ASEAN+3 Multi-Currency Bond Issuance Framework
2014 – December 22Rule Proposal on Amendment of PDEx Rule 6.3 on Other Duties to Customer – Tax Adjustment for Non-Restricted Transfers, As Revised
2014 – December 22Rule Proposal on Amendment of the PDEx Rules – Other Duties to Customer – Duties of Holder of Bank-Issued Instruments
2014 – November 25Rule Proposal on the Amendment of the PDEx Rules – Payment of Fines and Additional Charge for Late Payment of Monetary Penalties, As Revised
2014 – September 30Rule Proposal on Amendment of the PDEx Rules – Pre-Termination by Issuer
2014 – June 05Proposed Revisions – Prohibited Conduct Subject to Surveillance
2014 – January 06Proposed Rule on Minimum Information on the Confirmation Advice, As Further Revised
2012 – March 29Proposed Amendment to Continuing Obligations of Trading Participants

PDEx Rules are to be applied/implemented and/or interpreted, if necessary, in accordance with their spirit, intention, and purpose; by looking beyond form to substance; and in a way that best promotes the principles of fair practice and honest dealings.

Pursuant to PDEx Rule 16.9, interpretations of the existing rules may be presented to the Market Governance Board by any unit of PDEx, without dissemination for comment. However, the Market Governance Board, before approving the same for adoption shall ensure that an adequate internal process is conducted that allows relevant feedback from all affected units of PDEx.

Posting DateRule Proposals for Comment
2014-Mar-11Rule Interpretation, As Revised – Minimum Broker Commission Rule – 11 March 2014
2014-Jan-30Rule Interpretation – Minimum Broker Commission Rule – 28 January 2014
2008-Jan-07 Rule Interpretation – Trust as Qualified Investor Participant – 7 January 2008

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