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 a fit and proper* person;
(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) where required by the Exchange, shall have 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 be entered in the Public Register of Representatives as an appointed representative, provisional representative or temporary representative in respect of the relevant activities unless exempted under the Act and whose status as an appointed representative, provisional representative or temporary representative is not suspended or revoked; and
(g) shall comply with such other additional requirements as the Exchange deems fit.
* The Exchange shall evaluate "fit and proper" criteria in this Rule 2.13.1 in a manner similar to the MAS Guidelines on Fit and Proper Criteria.
Amended on 8 August 20088 August 2008, 25 August 200925 August 2009 and 29 November 201029 November 2010.