SGX Rulebooks
Link copied to clipboard

2.28.1

A Clearing Member may at any time request the Clearing House to suspend its Clearing Membership. The Clearing House may give effect thereto upon such terms and conditions as the Clearing House may decide.

2.28.2

Any Clearing Member may resign upon giving notice in writing thereof to the Clearing House. Such resignation shall be effective upon the Clearing Member closing out its positions in all Contracts, subject to a minimum period of 30 days from the Clearing House's receipt of its notice of resignation (such period of 30 days being hereafter referred to as the "Minimum Notice Period"). Notwithstanding the foregoing, the Clearing House shall have the discretion to vary the effective date of resignation in the case of a defaulted or suspended Clearing Member.

Amended on 7 August 20127 August 2012.

2.28.3

2.28.3.1 A resignation shall not in any way affect the accrued rights and liabilities of the Clearing Member to the Clearing House and other Clearing Members and all such rights and liabilities shall subsist until satisfied or discharged.

2.28.3.2 The Rules, and any Directives as may be imposed by the Clearing House, shall continue to apply, and the Clearing Member shall be required to comply with them, until the effective date of resignation.

Amended on 7 August 20127 August 2012 and 31 October 2024.

2.28.4

Where proceedings have been commenced against any Clearing Member which resigns, such proceedings may with the consent of the Clearing House be stayed or terminated.

Amended on 7 August 20127 August 2012.