Chapter 2 Clearing Membership
- 2.01 General
- 2.02 Eligibility Criteria for General Clearing Members
- 2.02A Eligibility Criteria for Direct Clearing Members
- 2.02B Eligibility Criteria for Bank Clearing Members
- 2.02C Eligibility Criteria for Remote Clearing Members
- 2.02D Eligibility Criteria for FCM Clearing Members
- 2.03 Honorary Clearing Membership
- 2.04 Application
- 2.05 Admission
- 2.06 Compliance
- 2.06A Reporting
- 2.07 Minimum Capital and Financial Requirements of Clearing Members Incorporated in Singapore
- 2.07A Early Warning Financial Requirements of Clearing Members Incorporated in Singapore
- 2.07B Notification Requirements of Clearing Members Incorporated in Singapore
- 2.07C Qualifying Letter of Credit
- 2.08 Minimum Capital and Financial Requirements of Clearing Members Incorporated Outside Singapore
- 2.08A Early Warning Financial Requirements of Clearing Members Incorporated Outside Singapore
- 2.08B Notification Requirements of Clearing Members Incorporated Outside Singapore
- 2.08C Qualifying Letter of Credit
- 2.09 Special Reserve Fund for General Clearing Members Incorporated in Singapore
- 2.10 Special Reserve Fund for General Clearing Members Incorporated Outside Singapore
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2.11 Other Financial Requirements
- 2.11.1 Reduction in Paid-Up Ordinary Share Capital or Paid-Up Irredeemable and Non-Cumulative Preference Share Capital
- 2.11.2 Preference Share
- 2.11.3 Qualifying Subordinated Loans
- 2.11.4 Making of Unsecured Loan or Advance, Payment of Dividend or Director's Fees or Increase in Director's Remuneration
- 2.11.5 [Rule has been deleted.]
- Rights and Obligations of Clearing Members
- 2.12A [Rule has been deleted.]
- 2.13 Duties and Responsibilities of Clearing Members
- 2.13A Business Continuity Requirements
- 2.14 Required Records and Reports
- 2.15 Audit Requirements
- 2.16 [Rule has been deleted.]
- 2.17 Limit on Lending to Directors, Officers or Employees of General Clearing Members
- 2.18 Segregation of Customer's Money, Securities and Property
- 2.19 Omnibus Account
- 2.20 Limits of Positions
- 2.20A Accumulation of Positions
- 2.20B Withholding of Profits from Overtrading
- 2.20C Position Accountability
- 2.21 Covenant
- 2.22 Change or Intended Change
- 2.23 Notification of Reduction in Capital and Under-Segregation
- 2.24 Appointment of Chief Executive Officer, Deputy Chief Executive Officer
- 2.25 Appointment of Auditors
- 2.26 Special Call for Financial Statements
- 2.27 Request for Information
- 2.28 Voluntary Suspension and Resignation
- 2.28A Clearing Arrangements with Trading Members
- 2.28B Fictitious Transactions Without Change in Ownership
- 2.29 [Rule has been deleted.]
- 2.30 [Rule has been deleted.]
- 2.31 [Rule has been deleted.]
- 2.32 [Rule has been deleted.]
- 2.33 [Rule has been deleted.]
- 2.34 Market Disorders, Impossibility of Performance, Emergency Situations and Powers
- 2.35 Force Majeure
- 2.35A [Rule has been deleted.]
- 2.36 Fees, Levies and Charges
- 2.37 Contract Clause
- 2.38 The Authority
- 2.39 Information and Reports
- 2.40 [Rule has been deleted.]
- 2.41 [Rule has been deleted.]
- 2.42 [Rule has been deleted.]
- 2.43 Notice to Clearing Members