(1) A Clearing Member shall appoint one (1) person as a Chief Executive Officer and register that person with CDP as its Chief Executive Officer.

(2) The Chief Executive Officer of a General Clearing Member shall be approved by the Authority as a Chief Executive Officer in accordance with the SFA.

(3) A Chief Executive Officer entered into the register of Chief Executive Officers shall comply with this Clearing Rules and any Clearing Directives (where applicable), and shall be responsible for ensuring that the Clearing Member complies with this Clearing Rules, and any Clearing Directives (where applicable).

(4) The Clearing Member shall notify CDP at least seven (7) days prior to the appointment of a Chief Executive Officer.