2.20 Cessation of Trading Rights
A Trading Member's right to access organised markets established or operated by SGX-ST will cease and it shall not enter any orders on such markets if:(a) a resolution is passed by its shareholders, or a court order is made, to wind it up, or any judicial manager or similar official is appointed in respect of it;(b) an arrangement or composition is entered into with its creditors under any law relating to bankruptcy or insolvency;(c) its Capital Market Services Licence lapses, or it no longer meets the requirements to be or is no longer exempted from holding a Capital Market Services Licence, as the case may be;(d) it is not qualified by a Clearing Member or its qualification by a Clearing Member has been suspended;(e) it is declared a defaulter pursuant to Rule 2.21; or(f) it is suspended under the Rules, including under Rule 2.22.
When a Trading Member's right to access organised markets established or operated by SGX-ST has ceased, SGX-ST will notify all Trading Members of the effective date of cessation and the date of reinstatement of access rights (if applicable).
A Trading Member whose right to access organised markets established or operated by SGX-ST has ceased must continue to comply with the relevant Rules. The Trading Member remains liable for all obligations incurred in connection with its activities on SGX-ST before its access right ceased.