(1) A Trading Member must not execute a contract on SGX-ST unless it is qualified by a Clearing Member.
(2) At any time, a Trading Member must be qualified by no more than 1 Clearing Member.
(3) A Trading Member must immediately inform SGX-ST in writing if:—
(a) it is not qualified by a Clearing Member; or
(b) its qualifying Clearing Member is replaced by another Clearing Member. The Trading Member must submit to SGX-ST a copy of the written agreement between the new qualifying Clearing Member and itself.