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3.10.2 Acceptance of Resignation by CDP

CDP need not accept the resignation of a Clearing Member if it is:—

(1) conducting an investigation under this Clearing Rules, investigating a complaint, or has initiated disciplinary proceedings against the Clearing Member; or
(2) not satisfied that the Clearing Member has fulfilled or is able to fulfil:—
(a) its obligations to CDP; and
(b) its obligation to its customers, or in the case of a Bank Clearing Member, its customers in relation to its business governed by this Clearing Rules, as CDP may specify.

Amended on 1 July 20081 July 2008.