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Exchange Rules

BSP Rules Exchange Rules v3.0

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EXCHANGE RULES<br />

v3.0<br />

c) one of the admission requirements ceases to be satisfied after admission;<br />

d) the temporary admission of <strong>Exchange</strong> Trader has expired;<br />

e) <strong>Exchange</strong> Trader seriously and/or repeatedly violates the <strong>Rules</strong>, applicable laws<br />

or instructions issued by the Management.<br />

(6) Market Supervision or Market Monitoring, as the case may be, may suspend<br />

admission of <strong>Exchange</strong> Trader, either in its entirety or limited to individual<br />

Markets, if:<br />

a) the respective <strong>Exchange</strong> Participation or Market Participation of the <strong>Exchange</strong><br />

Participant in whose name the <strong>Exchange</strong> Trader acts in at the <strong>Exchange</strong> has<br />

been suspended, for the time of suspension;<br />

b) the <strong>Exchange</strong> Participant in whose name the <strong>Exchange</strong> Trader acts in at the<br />

<strong>Exchange</strong> as a Clearing Member Defaults;<br />

c) the <strong>Exchange</strong> Participants Group, of which the <strong>Exchange</strong> Participant in whose<br />

name the <strong>Exchange</strong> Trader acts in at the <strong>Exchange</strong> is a member, has exceeded<br />

its Trade Limit;<br />

d) one of the admission requirements ceases to be satisfied after admission,<br />

either until exclusion of <strong>Exchange</strong> Trader or until a temporary admission is<br />

issued or for as long as failure to comply with all the admission requirements<br />

exists;<br />

e) <strong>Exchange</strong> Trader violates the <strong>Rules</strong>, applicable laws or instructions issued by<br />

BSP, either until exclusion of <strong>Exchange</strong> Trader or for a maximum of six months.<br />

(7) Market Supervision or Market Monitoring informs the <strong>Exchange</strong> Trader affected<br />

and the <strong>Exchange</strong> Participants in whose name he acts in at the <strong>Exchange</strong> on the<br />

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

51

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