2.13.1 Registration Criteria for Approved Traders and Registered Representatives

Past version: Effective up to 28 Nov 2010

A Member shall register with the Exchange any person acting on its behalf as an Approved Trader or a Registered Representative. To qualify for registration with the Exchange as an Approved Trader or Registered Representative, each applicant:

(a) shall be sponsored by its respective corporate Member. If the applicant is an individual Trading Member this requirement shall not apply. For the avoidance of doubt an applicant may only be sponsored by a single corporate Member;
(b) shall be at least twenty-one (21) years old and be of good character;
(c) shall not have been convicted of any offence involving fraud or dishonesty;
(d) shall not be an undischarged bankrupt in Singapore or elsewhere;
(e) shall have
(i) in the case of an applicant Registered Representative, passed the requisite examinations certifying that the applicant is competent to undertake the proposed activities; or
(ii) in the case of an applicant Approved Trader, completed the relevant training and the Trading Member or the individual applicant shall certify that the applicant is competent to undertake the proposed activities;
(f) shall, where applicable, hold a valid capital markets services representative's licence unless exempted under the Act and such licence is not suspended or revoked or has not expired; and
(g) shall comply with such other additional requirements as the Exchange deems fit.

Amended on 8 August 20088 August 2008 and 25 August 200925 August 2009.