3.10.1 Procedure

Subject to Rule 7.11, if a Clearing Member wishes to resign it shall satisfy CDP that it has fulfilled or is able to fulfil its obligations to CDP and such obligations to Trading Members as CDP specifies. In addition, it shall:—

(1) give not less than 30 days' written notice (the "resignation notice") to CDP of its intention to resign and the effective date of resignation; CDP may vary or waive the resignation notice; and
(2) for avoidance of doubt, a Clearing Member shall continue to comply with the Clearing Rules, and any Clearing Directives as may be imposed by CDP until resignation.