CDP need not accept the resignation of a Clearing Member if it is:—

1. conducting an investigation under this Clearing Rules, investigating a complaint, or has initiated disciplinary proceedings against the Clearing Member; or
2. not satisfied that the Clearing Member has fulfilled or is able to fulfil:—
   1. its obligations to CDP and such obligations to Trading Members, as CDP may specify; and
   2. its obligation to its customers, or in the case of a Bank Clearing Member, its customers in relation to its business governed by this Clearing Rules, as CDP may specify.

Amended on 1 July 2008 and 31 October 2024.