Past version: Effective from 29 Nov 2010 to 31 Mar 2014
A Member shall immediately notify the Exchange if:
(a) any of its Approved Traders or Registered Representatives 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;
(aa) any of its Approved Trader's or Registered Representative's exemption from registration in the Public Register of Representatives as an appointed representative, provisional representative or temporary representative in respect of the relevant activities is withdrawn;
(b) any of its Approved Traders or Registered Representatives is of unsound mind;
(c) any of its Approved Traders or Registered Representatives is bankrupt;
(d) any of its Approved Traders or Registered Representatives is subject to a composition or scheme of arrangement with his creditors, whether in or out of Singapore;
(e) a judgment debt entered against any of its Approved Traders or Registered Representatives remains unsatisfied in whole or in part; or
(f) the Approved Trader (other than an individual Trading Member) or a Registered Representative ceases to transact business through the Member or ceases to be sponsored by the Member.
The registration of an Approved Trader or a Registered Representative shall automatically lapse upon such notification, or the cessation of his sponsoring Member's Membership.
Amended on 25 August 200925 August 2009 and 29 November 201029 November 2010.