(1) A Trading Member must appoint at least 1 person as Approved Executive Director.

(2) The Approved Executive Director must be approved by the Authority as an Executive Director in accordance with the Securities and Futures Act.

(3) SGX-ST will register an Approved Executive Director. The Approved Executive Director is to be responsible for ensuring that the Trading Member complies with the Rules, and any Directives SGX-ST prescribes.