(1) breaches the SFA or Securities and Futures Regulations,

(2) breaches the Clearing Rules or Clearing Directives,

(3) breaches any relevant law or regulation which governs the Clearing Member's other business activities,

(4) breaches the rules of any other exchange,

(5) breaches any provisions involving fraud or dishonesty, whether in or out of Singapore,

(6) breaches director's duties,

(7) engages in conduct detrimental to the financial integrity, reputation or interests of CDP, other Clearing Members or the investing public.