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A trader may be excluded for various reasons:
Obligatory suspension
If a trader with provisional registration does not obtain a trader's license up to the due
date June 30th, 2011, the latter is suspended by SIX Swiss Exchange and the previously provisionally
registered trader is not entitled to operate as a trader for as long as the suspension
remains in force. The suspension continues to apply if the previously provisionally registered
trader ceases trading for one participant and subsequently acts for another. As soon as a
person whose provisional registration has been suspended receives a trader's license recognised
by SIX Swiss Exchange, the participant may apply to SIX Swiss Exchange for permanent registration. Suspension may only
be lifted by the granting of permanent registration.
Voluntary suspension
The participant may request voluntary suspension of the provisional registration at SIX Swiss Exchange.
Termination
If a permanently registered trader temporarily ceases to engage in active trading and stays with
the participant, its permanent registration is terminated. The participant must apply to SIX Swiss Exchange for
termination and the cancellation of such termination.
Departure
If a registered trader changes participants (change of employer) or no longer fulfils the
requirements for registration, he or she must resign as a trader at SIX Swiss Exchange. The participant
arranges for the trader's resignation at SIX Swiss Exchange.
Suspension
SIX Swiss Exchange may suspend the registration of traders in the event of violations of SIX Swiss Exchange rules
and regulations, in cases where a requirement for registration is not fulfilled, or while criminal
proceedings are pending.
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