2.13.7 Summary Powers of Suspension of Registration of Approved Traders and Registered Representatives

Past version: Effective from 29 Nov 2010 to 31 Mar 2014

Notwithstanding and without prejudice to the powers of the Appeals Committee or the Disciplinary Committee, the Exchange may suspend in whole or in part the privileges of any Approved Trader or a Registered Representative for a period of up to one (1) year upon the occurrence of any of the following events:

(a) the sponsoring Member's trading privileges are suspended pursuant to Rule 2.15.2;
(b) an application by an Approved Trader or a Registered Representative for registration contains material errors or omissions or is misleading in a material respect;
(c) an Approved Trader or a Registered Representative is found guilty in a court of law of misconduct or willful neglect in a manner contrary to the Act;
(d) an Approved Trader or a Registered Representative is convicted of an offence involving fraud or dishonesty;
(e) an Approved Trader or a Registered Representative files a petition for bankruptcy;
(f) an Approved Trader or a Registered Representative's status in the Public Register of Representatives as an appointed representative, provisional representative or temporary representative is suspended;
(fa) MAS has imposed conditions or restrictions on an Approved Trader or a Registered Representative's exemption from registration in the Public Register of Representatives as an appointed representative, provisional representative or temporary representative in respect of the relevant activities;
(g) an Approved Trader or a Registered Representative fails to pay any fee, levy or charge as prescribed by the Exchange from time to time; or
(h) an Approved Trader or a Registered Representative acts in a manner which in the Exchange's opinion:
(i) impairs the goodwill or reputation of the Exchange or any Markets; or
(ii) impairs the operation of a fair, orderly and transparent market by the Exchange.

Amended on 25 August 200925 August 2009 and 29 November 201029 November 2010.