5A.4.4

Past version: Effective from 01 Jul 2016 to 09 Dec 2018

If a Clearing Member wishes to cease authorizing an Authorized Trading Member, it shall:-

(a) give not less than 30 days' written notice (or such shorter period as CDP may from time to time deem acceptable) to CDP of its intention to cease authorizing that Authorized Trading Member and the proposed date of cessation, provided always that CDP may waive such notice requirement at any time with respect to any Clearing Member;
(b) satisfy CDP that it has taken, or will take, proper steps for the orderly clearing and settlement of the Authorized Trading Member's Exchange Trades; and
(c) comply with any reasonable direction of CDP in relation to the orderly cessation of the authorization of the Authorized Trading Member.

Added on 1 July 20161 July 2016.