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Exchange Rules

BSP Rules Exchange Rules v3.0

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EXCHANGE RULES<br />

v3.0<br />

accordance with the detailed provisions in the <strong>Rules</strong> for Admission of <strong>Exchange</strong><br />

Traders that are adopted in a form of Appendix to these General <strong>Rules</strong>.<br />

(2) Each person can only be admitted as <strong>Exchange</strong> Trader for a maximum of one<br />

<strong>Exchange</strong> Member and any number of the respective <strong>Exchange</strong> Member’s Affiliate<br />

Members at any given time.<br />

(3) <strong>Exchange</strong> Traders have to be nominated by <strong>Exchange</strong> Member for the designated<br />

Markets that <strong>Exchange</strong> Member and/or its Affiliate Members have been admitted<br />

to. BSP shall approve the <strong>Exchange</strong> Traders individually and according to<br />

provisions in the <strong>Rules</strong> for Admission of <strong>Exchange</strong> Traders.<br />

(4) Market Supervision or Market Monitoring shall immediately inform <strong>Exchange</strong><br />

Member by suitable means about the revocation or suspension of admission for<br />

Trading and its reasons.<br />

(5) In case the from <strong>Exchange</strong> Participant nominated <strong>Exchange</strong> Trader that is only<br />

partially compliant with <strong>Rules</strong> for Admission of <strong>Exchange</strong> Traders, Market<br />

Supervision may issue a temporary admittance of <strong>Exchange</strong> Trader, but only for a<br />

period that is not longer than 3 months. In case of non-compliance with <strong>Rules</strong> for<br />

Admission of <strong>Exchange</strong> Trader after the defined period the temporary admittance<br />

expires.<br />

(6) The <strong>Exchange</strong> Participant shall at all times provide the personnel who are required<br />

for Trading and take satisfactory organisational precautions.<br />

3.6.1 Exclusion and Suspension From Trading<br />

(1) Exclusion from Trading of <strong>Exchange</strong> Trader, either in its entirety or limited to<br />

individual Markets, may result from:<br />

BSP Energy <strong>Exchange</strong> LL C Copyright 2019 All rights reserved<br />

49

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