If a Trading Member intends to resign, it must:(a) 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;(b) not enter into any contract seven Market Days from the date of notice except with the written approval of SGX-ST;(c) satisfy SGX-ST that it has taken, or will take, steps for the orderly winding down of its business with SGX-ST; and(d) satisfy SGX-ST that it has fulfilled or is able to fulfil:(i) its obligations to SGX-ST; and(ii) its obligations to all its customers as SGX-ST may specify.
SGX-ST shall have the absolute discretion to accept the resignation, postpone the effective date of the resignation and/or without prejudice to the courses of action available to SGX-ST, take such measures as it may determine appropriate before or after the resignation takes effect. Notwithstanding the foregoing, the SGX-ST may in its absolute discretion refuse to accept the resignation of a Trading Member if it is:(a) conducting an investigation under the Rules, investigating a complaint or has initiated disciplinary proceedings against the Trading Member; or(b) not satisfied that the Trading Member has fulfilled or is able to fulfil:(i) its obligations to SGX-ST; and(ii) its obligations to all its customers as SGX-ST may specify.
If SGX-ST accepts a Trading Member's resignation, the Trading Member's name will be deleted from the register of Trading Members upon the effective date of resignation.