If a Trading Member intends to resign, it must:—(1) 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;(2) not enter into any contract 7 Market Days from the date of notice except with the written approval of SGX-ST;(3) satisfy SGX-ST that it has taken, or will take, steps for the orderly winding down of its business with SGX-ST; and(4) satisfy SGX-ST that it has fulfilled or is able to fulfill:—(a) its obligations to SGX-ST; and(b) its obligations to its customers as SGX-ST may specify. For avoidance of doubt, a Trading Member must continue to comply with the Rules, and any Directives as may be imposed by SGX-ST until resignation.
4.8.2 Acceptance of Resignation by SGX-ST
SGX-ST need not accept the resignation of a Trading Member if it is:—(1) conducting an investigation under the Rules, investigating a complaint, or has initiated disciplinary proceedings against the Trading Member; or(2) not satisfied that the Trading Member has fulfilled or is able to fulfill:—(a) its obligations to SGX-ST; and(b) its obligations to its customers as SGX-ST may specify.
4.8.3 Deletion from Register
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.