Exchange Rules

EXCHANGE RULES
v3.0
(2) Exchange Member has the rights and obligations in accordance with the Rules.
(3) Exchange Member may enter into Affiliate Membership Agreement with BSP and a
business entity that wishes to become its Affiliate Member. The Exchange Member
shall be jointly and severally liable for each and every obligation its Affiliate
Member is liable towards BSP.
(4) Exchange Member may nominate reliable and professionally qualified persons to
be approved by BSP as Exchange Traders of Exchange Member and/or its Affiliate
Members in the designated Markets that Exchange Member and/or its Affiliate
Members have been admitted to. BSP shall approve the Exchange Traders
individually if they are reliable and have the professional qualifications in
accordance with the detailed provisions set forth in the Rules for Admission of
Exchange Traders for respective Market. Each person can only be admitted as
Exchange Trader for one Exchange Member and any number of the respective
Exchange Member’s Affiliate Members at any given time.
(5) Exchange Member may nominate reliable and professionally qualified persons to
be approved by BSP as Clearing Representatives of Exchange Member and/or its
Affiliate Members. BSP shall approve the Clearing Representatives individually if
they are reliable and have the professional qualifications in accordance with the
detailed provisions in the Clearing Rules.
(6) Exchange Member may delegate its and its Affiliated Members’ representatives to
the Members Chamber. Each Exchange Member may delegate one Members
Chamber representative for every Country of BSP Operation it and its Affiliated
Members are active in. Exchange Participant is deemed active in the individual
Country of BSP Operation if it is admitted to any of the Markets in the subject
Country of BSP Operation.
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