2.15.3 Termination of Membership

Past version: Effective up to 14 Jul 2012

The Exchange shall terminate any Membership upon the occurrence of any of the following events:

(a) upon the death, mental incapacity, bankruptcy or filing of a bankruptcy petition by any individual Trading Member;
(b) if a corporate Member becomes insolvent or calls a meeting of its creditors, or enters into an arrangement or composition under insolvency laws or suffers winding up, dissolution or other similar event;
(c) revocation of a licence by MAS with respect to the Member's trading in futures contracts; or
(d) in the case of a Bank Trading Member, revocation of its licence under the Banking Act or removal of its exemption from holding a CMS licence under the Act.

Amended on 25 August 200925 August 2009.