2.5.1 Overview of Base Capital, Total Risk Requirement and Statutory Requirements
A Member is required to comply with the financial requirements set forth in Rule 2.5, including, where applicable, requirements for Base Capital, Net Head Office Funds, Adjusted Net Head Office Funds, Financial Resources and Aggregate Resources. "Financial Resources", "Base Capital", "Net Head Office Funds", "Adjusted Net Head Office Funds", "Total Risk Requirement", "Aggregate Indebtedness", and "Aggregate Resources" shall have the meanings ascribed to them under Chapter 8 of this Rules.
Amended on 25 August 200925 August 2009, 1 April 20141 April 2014 and 22 April 201922 April 2019.
2.5.2 Trading Members
The following requirements apply in relation to Trading Members:
Amended on 25 August 200925 August 2009, 1 April 20141 April 2014 and 22 April 201922 April 2019.
2.5.4 Additional Financial, Capital and Other Requirements Imposed by the Exchange or the Clearing House
The Exchange or the Clearing House may from time to time prescribe additional financial and capital requirements for any Member or category or group of Members. Without limiting the foregoing, the Exchange may prescribe with respect to particular Members, capital, financial and other requirements in excess of the requirements prescribed under the Act, relevant applicable laws and regulatory requirements relating to the regulation of markets and licenced entities, or this Rules with respect to volume, risk exposure of positions carried, risk concentration, margin policies, nature of business conducted or to be conducted, their memberships in any exchange or market, and such other matters as deemed fit by the Exchange.
Amended on 1 April 20141 April 2014.
2.5.5 Calculation of Financial Resources
In the calculation of Financial Resources, a corporate Member may include Qualifying Subordinated Loan(s), subject to such conditions and restrictions as prescribed under the Financial and Margin Regulations and in such form as prescribed by the Exchange or the Clearing House.*
* Refer to Annex A — Deed of Subordination (Term Loan)Annex A — Deed of Subordination (Term Loan) and Annex B — Deed of Subordination (Revolving Credit Facility)Annex B — Deed of Subordination (Revolving Credit Facility).
Amended on 25 August 200925 August 2009, 7 February 20147 February 2014 and 29 December 201429 December 2014.
2.5.6 Notification Requirements of General Trading Members
The following requirements apply in relation to material changes to Financial Resources or Adjusted Net Head Office Funds:
Amended on 25 August 200925 August 2009 and 22 April 201922 April 2019.
2.5.6A Notification requirements of General Trading Members that hold a licence specified in Rule 2.4.1(b)
The following requirements apply in relation to material changes to the Base Capital requirements specified in Rule 2.5.2(b1):
Added on 1 April 20141 April 2014 and amended on 22 April 201922 April 2019.
2.5.6B Notification Requirements of Bank Trading Members
The following requirements apply in relation to material changes to the capital and financial requirements specified in Rule 2.5.2(c):
Added on 22 April 201922 April 2019.
2.5.7 Requirements Relating to Preference Shares, Unsecured Loans and Others for General Trading Members
The following additional financial requirements apply to General Trading Members:
Amended on 25 August 200925 August 2009, 1 April 20141 April 2014 and 29 December 201429 December 2014.