A Member shall immediately notify the Exchange if:
(a) the licence from or registration with the Relevant Regulatory Authority for the conduct of relevant regulated activities for any of its Approved Traders or Registered Representatives has been revoked, or has expired;;
(aa) the exemption from the requirement to hold a licence from or to register with the Relevant Regulatory Authority for the conduct of relevant regulated activities for any of its Approved Trader or Registered Representative is withdrawn;
(ab) the Relevant Regulatory Authority imposes conditions or restrictions on the Approved Trader or Registered Representative in respect of the relevant regulated activities;
(b) any of its Approved Traders or Registered Representatives is of unsound mind;
(c) any of its Approved Traders or Registered Representatives is bankrupt;
(d) any of its Approved Traders or Registered Representatives is subject to a composition or scheme of arrangement with his creditors, whether in or out of Singapore;
(e) a judgment debt entered against any of its Approved Traders or Registered Representatives remains unsatisfied in whole or in part; or
(f) the Approved Trader (other than an individual Trading Member) or a Registered Representative ceases to transact business through the Member or ceases to be sponsored by the Member.
The Exchange may terminate the registration of an Approved Trader or a Registered Representation upon notification under Rule 2.13.6(ab) The registration of an Approved Trader or a Registered Representative shall automatically lapse upon such other notification under Rule 2.13.6, or the cessation of his sponsoring Member's Membership.
Amended on 25 August 200925 August 2009, 29 November 201029 November 2010 and 1 April 20141 April 2014.