10.1.1 Applicability
This Rule establishes the transitional provisions relating to Rules 2.07C.1, 2.08C.1, 2.11, and 9.01.1 of the SGX-DC Clearing Rules that was amended on and in force from 29 December 2014.
Added on 29 December 201429 December 2014.
10.1.2 Transitional Arrangements
Rules 2.07C.1, 2.08C.1, 2.11, and 9.01.1 (as amended on and in force from 29 December 2014), except for the definition of Base Capital, shall not apply to a Transitional Clearing Member during the Transitional Period, and the aforesaid Rules as in force immediately before 29 December 2014 shall continue to apply to a Transitional Clearing Member during the Transitional Period. A reference to any provision of the SFR (Financial and Margin Requirements) the aforesaid Rules as in force immediately before 29 December 2014 is to that provision in the SFR (Financial and Margin Requirements) as in force immediately before 3 April 2013. For avoidance of doubt, the definition of Base Capital applicable to a Transitional Clearing Member has the same meaning ascribed in the SFR(Financial and Margin Requirements) as in force on 3 April 2013.
Added on 29 December 201429 December 2014.
10.1.3 Transitional Period
For the purposes of this Chapter, "Transitional Period" means the period commencing on 3 April 2013 and:—
whichever is the earlier.
Added on 29 December 201429 December 2014.
10.1.4 Notification by Writing
For the purpose of Rule 10.1.3.2, the Transitional Clearing Member shall notify SGX-DC in writing at least 14 days before the intended date to adopt the requirements.
Added on 29 December 201429 December 2014.
10.1.5 Transitional Clearing Member
"Transitional Clearing Member" means
Added on 29 December 201429 December 2014.