(1) be at least 21 years old;

(2) be a person of integrity;

(3) possess a good track record of business conduct (if applicable);

(4) unless exempt under the Securities and Futures Act or the Securities and Futures Regulations, hold a valid capital markets services representative's licence to engage in the relevant activities, including where appropriate, trading in futures contracts;

(5) not be a person whose registration or licence has previously been revoked by an exchange or a regulatory body, whether in or out of Singapore; and

(6) not be an undischarged bankrupt, whether in or out of Singapore.