Past version: Effective from 07 Aug 2012 to 28 Jul 2022
The Exchange may exercise any of the powers set forth in Rule 7.3 if any of the following events occur, which adversely impacts on a Member, Approved Trader or Registered Representative's ability to meet its obligations under this Rules (collectively, "Adverse Events"):
(a) an Emergency;
(b) a Delivery Default;
(c) Force Majeure;
(d) the Clearing House declares an event of default against a Clearing Member as contemplated in Rule 7A.06.5.1 of the Clearing Rules;
(e) a Member, Approved Trader or Registered Representative is charged before a disciplinary body in any other exchange or regulated market or charged in any court of law in relation to market misconduct;
(f) a Member, Approved Trader or Registered Representative who trades in non-Exchange instruments such as over-the-counter instruments, foreign exchange instruments or other instruments, whether onshore or offshore, suffers an adverse event which impacts on the Member's ability to meet its financial obligations to the Exchange; or
(g) any other event which, in the Exchange's opinion, materially impacts or is likely to materially impact on a Member, Approved Trader or Registered Representative's ability to meet its obligations under this Rules.
Amended on 7 August 20127 August 2012.