Versions

 

9.1.1

CDP may suspend or restrict the membership of any Clearing Member, or the clearing and settlement of Exchange Trades in general or in particular, or the clearing and settlement of the Exchange Trades of, or the execution of transactions (including those in respect of depository activities) by, any Clearing Member for such duration as it sees fit if in the opinion of CDP:—

(1) the functioning of CDP is or is likely to be impaired by any event or circumstance;
(2) such action is in the general interest of CDP and/or its Clearing Members; or
(3) in respect of a Clearing Member, an Event of Default has occurred in respect of that Clearing Member.

Amended on 6 September 2021.