Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
Rule 1 — Application and Definitions
Rule 2 — Administration
Rule 3 — Membership
Rule 4 — Appointment of Approved Executive Directors and Directors
4.3 Automatic De-Registration
Rule 5 — Financial/Capital Requirements
Rule 5A — Position Accounts
Rule 6 — Clearing and Settlement
Rule 6A — Margin Requirements
Rule 6B — Collateral
Rule 6C — Payments
Rule 7 — Clearing Fund
Rule 8 — Default Rules
Rule 9 — Suspension or Restriction of Clearing
Rule 10 — Liabilities
Rule 11 — Supervisory Rules
Rule 12 — Foreign Market Links
Rule 13 — General
Rule 14 — Transitional Provisions
Appendices
Practice Notes
Schedules
DVP Rules
CDP Depository Rules
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Rule Amendments

4.3 Automatic De-Registration

An Approved Executive Director shall automatically cease to be registered as an Approved Executive Director if he or she:—

(1) becomes of unsound mind;
(2) is made bankrupt, whether in or out of Singapore;
(3) is disqualified from holding office as a director under the SFA or the Companies Act (Chapter 50), or in the case of a Bank Clearing Member, if he or she is no longer in the direct employment of, or acting for or by arrangement with, the Bank Clearing Member or is no longer principally responsible for the management and conduct of the Bank Clearing Member's business;
(4) ceases to be an Approved Executive Director of the Clearing Member;
(5) is subject to a compromise or scheme of arrangement with his or her creditors, whether in or out of Singapore;
(6) has execution in respect of a judgment debt returned unsatisfied in whole or in part; or;
(7) breaches any provision involving fraud or dishonesty, whether in or out of Singapore.

Amended on 1 July 2008.