Exchange Rules

EXCHANGE RULES
v3.0
2.4.1 Exchange Participation
(1) Only those business entities may be admitted to Exchange Participation that are,
with respect to the Products that may be traded on the Exchange, commercially
engaged in the business of either:
• buying and selling in their own name for their own account (own transactions)
or
• buying and selling in their own name for the account of a third party (client
transactions) or
• acting as intermediaries for contracts to buy and sell (brokerage operations).
(2) The applicant for Exchange Participation shall, in writing, appoint at least one
Contact Person either of those who is/are either by law or articles of association
or shareholders’ agreement entrusted with the management and representation of
the applicant or, in case of applicant’s legal form of sole proprietorship, the
proprietor, or of other applicant’s employees, provided he/they is/are reliable and
at least one of those persons has the necessary professional qualification for
doing business at the exchange. The Contact Person shall be fully authorised to
represent the Exchange Participant towards BSP in all respects. Any change in the
appointment of Contact Persons shall be notified in writing to BSP before coming
into force.
2.4.1.1 Exchange Member
(1) Exchange Member is a person who fulfils conditions for Exchange Membership,
enters into the Exchange Membership Agreement with BSP and pays the Exchange
Membership admission fee according to the Price List.
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