If a Clearing Member wishes to cease authorising an Authorised 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 authorising that Authorised 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 Authorised 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 Authorised Trading Member.

Added on 1 July 20161 July 2016 and amended on 10 December 201810 December 2018.