Past version: Effective from 29 Nov 2010 to 18 May 2014
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;
(6) ceases to be an appointed representative, provisional representative or temporary representative in respect of the relevant activities, as contemplated under the Securities and Futures Act; or
(7) has had his or her exemption from registration in the Public Register of Representatives as an appointed representative, provisional representative or temporary representative in respect of the relevant activities withdrawn.
Amended on 29 November 201029 November 2010.