Clause 52

for the registration of or transfer of securities or futures contracts;

for the settlement of transactions involving securities or futures contracts;

for guaranteeing to its members the performance of futures contracts;

for the expulsion, suspension or disciplining of members for any contravention of the business rules of the clearing house;

for the taking of proceedings or other action if a member has failed, or appears to be unable, or likely to become unable, to meet his obligations for all unsettled or open market contracts to which he is a party; and

generally for the carrying on of the business of the proposed clearing house with due regard to the interests and protection of the investing public.