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12.1 Violation of CDP Rules and Default under CDP Clearing Rules

In the event of any breach of these Rules by a Depository Agent or in the event any Event of Default as set out in the CDP Clearing Rules has occurred in respect of a Depository Agent who is also a Clearing Member, the Depository shall have the right to:

12.1.1 reprimand, whether publicly or privately, a Depository Agent;
12.1.2 impose any restriction or condition on activities that a Depository Agent may undertake; and/or
12.1.3 terminate the Depository Agent.

Amended on 6 September 2021.