9.3.1
CDP shall notify the Clearing Member concerned and the other Clearing Members as soon as practicable upon any automatic suspension or any decision to suspend or restrict the clearing and settlement of Exchange Trades of a Clearing Member pursuant to Rule 9. Pending such decision, the Clearing Member concerned may resign from CDP subject to the Clearing Rules.
9.3.2
A Clearing Member against whom suspension, restriction or other action is imposed by CDP pursuant to Rule 9 may, within 7 Settlement Days, appeal to the Disciplinary Committee against the said suspension, restriction or other action. Notwithstanding such appeal, the suspension, restriction or other action imposed on the Clearing Member by CDP shall continue in effect until such time as it is revoked or lifted by CDP or the Disciplinary Committee.
9.3.3
A Clearing Member suspended or deemed suspended for whatsoever reasons (including on a voluntary basis) shall not have any of the privileges of a Clearing Member during the period of its suspension. A suspended Clearing Member may be reinstated upon such conditions as CDP may impose.
9.3.4
Unless otherwise decided by CDP, a Clearing Member who is suspended or whose clearing, settlement, depository or other activities are restricted by CDP is still liable to CDP to clear and settle any and all Exchange Trades that are entered by the Clearing Member right up to the time the suspension or restriction takes effect. Thereafter, the Clearing Member must not clear or settle any Exchange Trade or execute any transaction (including those in respect of depository activities) without approval of CDP.
Amended on 6 September 2021.