4.8.1 Procedures
If a Trading Member intends to resign, it must:—
(1) give SGX-ST at least 30 days' written notice, stating the proposed date of resignation. SGX-ST may vary or waive the notice period. If the resignation is accepted, SGX-ST will notify all Trading Members of the effective date of resignation;
(2) not enter into any contract 7 Market Days from the date of notice except with the written approval of SGX-ST;
(3) satisfy SGX-ST that it has taken, or will take, steps for the orderly winding down of its business with SGX-ST; and
(4) satisfy SGX-ST that it has fulfilled or is able to fulfill:—
(a) its obligations to SGX-ST; and
(b) its obligations to its customers as SGX-ST may specify. For avoidance of doubt, a Trading Member must continue to comply with the Rules, and any Directives as may be imposed by SGX-ST until resignation.
4.8.2 Acceptance of Resignation by SGX-ST
SGX-ST need not accept the resignation of a Trading Member if it is:—
(1) conducting an investigation under the Rules, investigating a complaint, or has initiated disciplinary proceedings against the Trading Member; or
(2) not satisfied that the Trading Member has fulfilled or is able to fulfill:—
(a) its obligations to SGX-ST; and
(b) its obligations to its customers as SGX-ST may specify.