SGX-SPV must be admitted as a Trading Member of SGX-ST if SGX-ST is satisfied that the following conditions have been, or will be, met:—
(1) SGX-SPV has, or has access to, adequate facilities or staff for:—
(a) the expeditious and orderly transaction of business when trading in Selected Foreign Securities on a Foreign Market; and
(b) management of the risks;
(2) security arrangements are adequate to prevent unauthorised persons from accessing the systems and facilities relating to the Service;
(3) the Authority has been notified of the intention to admit SGX-SPV and has not raised any objection; and
(4) SGX-SPV holds any licence required by the Authority.