Past version: Effective up to 28 Nov 2010
A Trading Representative will automatically cease to be registered as a Trading Representative if he or she:—
(1) becomes of unsound mind;
(2) is made bankrupt, whether in or out of Singapore;
(3) is subject to a compromise or scheme of arrangement with his or her creditors, whether in or out of Singapore;
(4) has execution in respect of a judgment debt returned unsatisfied in whole or in part;
(5) breaches any provision involving fraud or dishonesty, whether in or out of Singapore; or
(6) no longer holds a capital markets services representative's licence.