Rulebooks: Contents

Rulebooks
Mainboard Rules
Catalist Rules
SGX-ST Rules
CDP Clearing Rules
CDP Settlement Rules
DVP Rules [Entire Rulebook has been deleted]
CDP Depository Rules
Futures Trading Rules
SGX-DC Clearing Rules
SIAC DT Arbitration Rules
SIAC DC Arbitration Rules
Archive
SGX-ST Rules
Rule Amendments

BackText onlyPrint

You need the Flash plugin.

Download Macromedia Flash Player



  • 4.8 Resignation

    • 4.8.1 Procedures

      If a Trading Member intends to resign, it must:—

      (1) give SGX-ST at least 30 days' written notice, stating the proposed date of resignation. SGX-ST may vary or waive the notice period. If the resignation is accepted, SGX-ST will notify all Trading Members of the effective date of resignation;
      (2) not enter into any contract 7 Market Days from the date of notice except with the written approval of SGX-ST;
      (3) satisfy SGX-ST that it has taken, or will take, steps for the orderly winding down of its business with SGX-ST; and
      (4) satisfy SGX-ST that it has fulfilled or is able to fulfill:—
      (a) its obligations to SGX-ST; and
      (b) its obligations to its customers as SGX-ST may specify. For avoidance of doubt, a Trading Member must continue to comply with the Rules, and any Directives as may be imposed by SGX-ST until resignation.

    • 4.8.2 Acceptance of Resignation by SGX-ST

      SGX-ST need not accept the resignation of a Trading Member if it is:—

      (1) conducting an investigation under the Rules, investigating a complaint, or has initiated disciplinary proceedings against the Trading Member; or
      (2) not satisfied that the Trading Member has fulfilled or is able to fulfill:—
      (a) its obligations to SGX-ST; and
      (b) its obligations to its customers as SGX-ST may specify.

    • 4.8.3 Deletion from Register

      If SGX-ST accepts a Trading Member's resignation, the Trading Member's name will be deleted from the Register of Trading Members upon the effective date of resignation.