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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.