Termination for Reasons other than a Member's Default
17. TERMINATION FOR REASONS OTHER THAN A MEMBER’S DEFAULT
(i) Withdrawal by a Member: The member may terminate its Clearing Member status upon the expiration of not less than 3 months notice in writing to FXCH. The member is responsible for ensuring that as of close of business on the date of termination, all open positions, in respect of it’s accounts and/or all of its clients accounts (where applicable) have been terminated or closed out and any and all of its obligations in respect thereof have been fully satisfied.
(ii) Termination by FXCH:
Inactive Membership: where a member’s account has been continuously inactive for a period of 6 months or more, FXCH may request an explanation in writing from the member for it’s inactive status. In the event that the member does not provide a reasonable explanation or refuses to co-operate with FXCH, the member may be forced to resign its Clearing Member status.