5.3 Qualification by a Clearing Member
A Trading Member cannot execute any contracts on SGX-ST unless it is qualified by a Clearing Member or is itself admitted as a Clearing Member.
A Trading Member must be qualified by no more than one Clearing Member at any time.
A Trading Member must inform SGX-ST in writing prior to it:(a) ceasing to be qualified by a Clearing Member; or(b) replacing a qualifying Clearing Member with another Clearing Member. In such an event, the Trading Member must submit to SGX-ST a copy of the written agreement between the new qualifying Clearing Member and itself.