2.7 Fit and Proper Requirements
2.7.1 Directors, Chief Executive Officer and Other Personnel
A corporate Member shall demonstrate to the reasonable satisfaction of the Exchange that it employs and appoints fit and proper persons* as:(a) directors and chief executive officer;(b) key personnel who are suitably qualified and experienced to implement, oversee and maintain adequate internal procedures and risk management controls as contemplated under this Rules; and(c) Approved Traders and Registered Representatives.
* The Exchange shall evaluate "Fit and proper" criteria in this Rule 2.7.1 in a manner similar to the MAS Guidelines on Fit and Proper Criteria.
2.7.2 Exchange Approval for Chief Executive Officer and Deputy Chief Executive Officer of General Trading Member
A corporate General Trading Member shall procure the prior approval of the Exchange with respect to the appointment of its chief executive officer and deputy chief executive officer.
2.7.3 Notification of Appointment of Chief Executive Officer or Deputy Chief Executive Officer for Bank Trading Member
A Bank Trading Member shall notify the Exchange at least seven (7) days prior to the appointment of its chief executive officer or deputy chief executive officer.