Whole Section

  • 7A.04 Effect of Suspension or Expulsion

    • 7A.04.1

      A Clearing Member suspended for whatsoever reasons including on a voluntary basis shall not have any of the rights of a Clearing Member during the time of his suspension. A suspended Clearing Member may be reinstated upon such conditions as the Clearing House may impose.

      Added on 7 August 20127 August 2012.

    • 7A.04.2

      Any Clearing Member suspended or expelled pursuant to any other provision of this Rules shall not take on or clear any new Contracts or trades and shall have any or all of the open contracts cleared by it transferred out or closed out pursuant to this Rules as may be appropriate.

      Added on 7 August 20127 August 2012.