2.15.1 Member's Suspension or Resignation
The following requirements apply in relation to a Member's suspension or resignation:
2.15.2 Summary Powers of Suspension of Trading Privileges of Members
Notwithstanding and without prejudice to the powers of the Appeals Committee and the Disciplinary Committee, the Exchange may suspend in whole or in part a Member's trading privileges for up to a period of one (1) year upon the occurrence of any of the following events:
2.15.3 Termination of Membership
The Exchange shall have the power to terminate any Membership upon the occurrence of any of the following events:
Amended on 25 August 200925 August 2009, 16 July 201216 July 2012, 1 April 20141 April 2014 and 18 January 2022.
2.15.4 Effect of Suspension or Termination
In the event of suspension or termination of trading privileges, the Exchange may direct the affected Member to Close Out any Open Positions or take such other steps that the Exchange deems fit for the protection of Customers or the maintenance of a fair, orderly and transparent market. The affected Member shall cooperate fully with the Exchange with respect to such directions. A suspension or termination of trading privileges does not in any way affect the liabilities of the Member to the Exchange and other Members and all such liabilities shall subsist until satisfied or discharged.
2.15.5 Accrued Obligations Survive
A Member which ceases to be a Member shall remain subject to this Rules and to the jurisdiction of the Exchange in respect of acts and omissions while it was a Member and in respect of any investigation or disciplinary proceedings relating thereto (including the application of any Sanction imposed) as if it was a Member.