2.1.1
To be eligible for admission as a Trading Member, an applicant must:
(a) unless otherwise exempted, hold a Capital Markets Services Licence for the regulated activity in which it will engage as a Trading Member;
(b) be qualified by a Clearing Member (unless it is admitted as a Clearing Member);
(c) satisfy the capital and financial requirements that SGX-ST prescribes;
(d) upon admission appoint and register a Chief Executive Officer with SGX-ST in accordance with Rule 2.6;
(e) have facilities and staff adequate for expeditious and orderly trading, operations and activities.
Added on 3 June 20193 June 2019.
2.1.2
An applicant that is exempted from holding a Capital Markets Services Licence pursuant to Regulations 2(3) and/or 2(4) of the Securities and Futures (Exemption from Requirement to Hold Capital Markets Services Licence) Regulations may be admitted only as a Remote Trading Member. If SGX-ST is of the view that the regulatory requirements of the Relevant Regulatory Authority of a prospective Remote Trading Member are not comparable to those contemplated under the Securities and Futures Act and/or the Rules, it shall have the discretion to prescribe additional requirements.
Added on 3 June 20193 June 2019.