41. Supervision of participants

A recognised clearing house shall —

take immediate action to terminate, suspend or restrict the access of a participant in Singapore to any clearing facility operated by the recognised clearing house —

where the participant is an entity licensed or authorised by the Authority, if the participant’s licence or authorisation is revoked by the Authority; or

upon the direction of the Authority; and

within 14 days, or such longer period as the Authority may permit, after taking any disciplinary action against a participant in Singapore, notify the Authority of that disciplinary action.