2.2.1
To become a Trading Member, an applicant must apply to SGX-ST in the form and manner that SGX-ST prescribes, and provide such information to SGX-ST as it may in its discretion require in connection with the application.
Added on 3 June 20193 June 2019.
2.2.2
The applicant must inform SGX-ST in writing of the Clearing Member who has agreed to qualify it (unless it is admitted as a Clearing Member). The applicant must submit to SGX-ST the agreement documenting the qualification of the applicant by the Clearing Member.
Added on 3 June 20193 June 2019.
2.2.3
SGX-ST may, in its absolute discretion, approve or reject an application to be a Trading Member, having due regard to, among other things, the appropriateness, financial condition, and fitness and propriety of the applicant, its substantial shareholders, Chief Executive Officer and Directors.
Added on 3 June 20193 June 2019.
2.2.4
Without derogating from Rule 2.2.3, the factors that SGX-ST may consider when approving an application to be a Trading Member include but are not limited to the following:
Added on 3 June 20193 June 2019.
2.2.5
SGX-ST may approve an application subject to such conditions or restrictions as it may in its absolute discretion deem appropriate (the "Approval Conditions") including but not limited to restrictions on the applicant's scope of business and operations. SGX-ST shall inform the applicant of the imposition or withdrawal of any Approval Condition in writing. A breach of the Approval Conditions shall constitute a breach of this Rule.
Added on 3 June 20193 June 2019.
2.2.6
SGX-ST may, in its absolute discretion at any time, by notice in writing, vary or lift any Approval Condition or impose such further Approval Conditions as it may think fit.
Added on 3 June 20193 June 2019.