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2.7.1 Directors, Chief Executive Officer and Other Personnel

A corporate Member shall demonstrate to the reasonable satisfaction of the Exchange that it employs and appoints fit and proper persons* as:

(a) directors and chief executive officer;
(b) key personnel who are suitably qualified and experienced to implement, oversee and maintain adequate internal procedures and risk management controls as contemplated under this Rules; and
(c) Approved Traders and Registered Representatives.

* The Exchange shall evaluate "Fit and proper" criteria in this Rule 2.7.1 in a manner similar to the MAS Guidelines on Fit and Proper Criteria.