2.23.1

Past version: Effective from 31 Dec 2013 to 21 Apr 2019

Every Clearing Member shall:—

2.23.1.1 except in the case of a Bank Clearing Member incorporated outside Singapore who has satisfied Rule 2.02B.1.11.a or b, report to the Clearing House within 48 hours of occurrence of any reduction in excess of 20% in its financial resources or adjusted net head office funds, as the case may be, from the previously submitted financial statement; or
2.23.1.2 except in the case of a Direct Clearing Member, immediately report to the Clearing House of any under-segregation of money, assets or properties margins as required under this Rules, the SFA and/or any applicable laws.

Amended on 27 March 200627 March 2006, 10 August 200710 August 2007 and 31 December 201331 December 2013.