2.3.1 Licensing, Financial, Integrity, Clearing and Other Requirements
To be eligible for admission as a Member, an applicant shall satisfy the Exchange of its ability to satisfy the following requirements, where relevant, both at the time of admission as well as on a continuous basis until the termination of the Membership:
(a) in the case of a General Trading Member, licensing requirements as set forth in Rule 2.4.1;
(b) in the case of a Bank Trading Member, credit rating requirements as set forth in Rule 2.4.2;
(c) financial requirements as set forth in Rule 2.5;
(d) technical matters and risk management controls as set forth in Rule 2.6;
(e) fit and proper requirements as set forth in Rule 2.12;
(f) clearing arrangement with a Clearing Member as set forth in Rule 2.10; and
(g) other requirements as prescribed under the Act, this Rules and applicable laws.
Amended on 25 August 200925 August 2009.
2.3.2 Membership in Other Exchanges
The following requirements apply in relation to membership in other exchanges:
(a) the Exchange may consider an application from a member of another exchange if such applicant is able to satisfy the Exchange that it meets the requirements set forth in Rule 2.3.1; and
(b) a Member engaging in Agency Trades shall notify the Exchange at the time of submission of its application for concurrent membership in another exchange. The Exchange may impose such additional requirements and conditions on the Member as it deems necessary.
Amended on 24 January 201124 January 2011.