SGX Rulebooks
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CDP need not accept the resignation of a Clearing Member if it is:—

  1. conducting an investigation under this Clearing Rules, investigating a complaint, or has initiated disciplinary proceedings against the Clearing Member; or
  2. not satisfied that the Clearing Member has fulfilled or is able to fulfil:—
    1. its obligations to CDP and such obligations to Trading Members, as CDP may specify; and
    2. its obligation to its customers, or in the case of a Bank Clearing Member, its customers in relation to its business governed by this Clearing Rules, as CDP may specify.

Amended on 1 July 2008 and 31 October 2024.