A Member shall register with the Exchange any person acting on its behalf as an Approved Trader or a Registered Representative. To qualify for registration with the Exchange as an Approved Trader or Registered Representative, each applicant:
(a) shall be sponsored by its respective corporate Member. If the applicant is an individual Trading Member this requirement shall not apply. For the avoidance of doubt an applicant may only be sponsored by a single corporate Member;
(b) shall be at least twenty-one (21) years old and be a fit and proper* person;
(c) shall not have been convicted of any offence involving fraud or dishonesty;
(d) shall not be an undischarged bankrupt in Singapore or elsewhere;
(e) where required by the Exchange, shall have completed the relevant training and the Trading Member or the individual applicant shall certify that the applicant is competent to undertake the proposed activities;
(f) shall hold a licence from or be registered with the Relevant Regulatory Authority for the conduct of relevant regulated activities, unless exempted, and whose license or registration is not suspended, revoked, or expired; and
(g) shall comply with such other additional requirements as the Exchange deems fit.
* The Exchange shall evaluate "fit and proper" criteria in this Rule 2.13.1 in a manner similar to the MAS Guidelines on Fit and Proper Criteria.
Amended on 8 August 20088 August 2008, 25 August 200925 August 2009, 29 November 201029 November 2010 and 1 April 20141 April 2014.