(a) upon the death, mental incapacity, bankruptcy or filing of a bankruptcy petition by any individual Trading Member;

(b) if a corporate Member becomes insolvent or calls a meeting of its creditors, or enters into an arrangement or composition under insolvency laws or suffers winding up, dissolution or other similar event;

(c) revocation of a licence by MAS with respect to the Member's engagement in any Regulated Activity; or

(d) in the case of a Bank Trading Member, revocation of its licence under the Banking Act or removal of its exemption from holding a CMS licence under the Act.