Clause 15

If a futures broker becomes aware of any inability by it to comply with the minimum financial requirements prescribed by the Authority under section 24, the futures broker shall forthwith —

notify the Authority of that inability; and

cease carrying on its business as a futures broker otherwise than for the purpose of giving effect to any transaction permitted by or by virtue of its licence and entered into before the time when it became so aware unless the Authority has under subsection (2)(b) permitted the futures broker to continue carrying on its business.(2) Where the Authority becomes aware of any inability by a futures broker to comply with the minimum financial requirements prescribed under section 24, the Authority may, whether or not the futures broker has notified the Authority as required under subsection (1)(a) —

suspend the licence of the futures broker; or

permit the futures broker to continue carrying on the business of futures trading or leveraged foreign exchange trading on such conditions, if any, as the Authority may impose.(3) A futures broker shall be deemed to be aware of an inability to comply with the minimum financial requirements if any of its directors or officers is so aware or would, with the exercise of reasonable diligence, have been aware of such inability.”.