7.7.1

A Trading Representative will automatically cease to be registered as a Trading Representative if he or she:—

(1) becomes of unsound mind;
(2) is made bankrupt, whether in or out of Singapore;
(3) is subject to a compromise or scheme of arrangement with his or her creditors, whether in or out of Singapore;
(4) has execution in respect of a judgment debt returned unsatisfied in whole or in part;
(5) breaches any provision involving fraud or dishonesty, whether in or out of Singapore;
(6) has had his or her licence from or registration with the Relevant Regulatory Authority revoked, or his or her licence from or registration with the Relevant Regulatory Authority has expired; or
(7) in the case of a Trading Representative who is exempted from licensing or registration, has had his or her exemption from the Relevant Regulatory Authority withdrawn

Amended on 29 November 201029 November 2010 and 19 May 201419 May 2014.