ICE

The Participant Membership criteria, which an applicant must meet at the outset and must continue to meet as a Participant, are set out below. They are also detailed in the ICE Endex Regulations and Participants are expected to inform ICE Endex of failure or anticipated failure to meet the membership criteria.

An Applicant for Participant Membership Must:

  1. Satisfy ICE Endex that it is fit and proper;
  2. Maintain a properly established office (in a location which is acceptable to ICE Endex as it may determine in its absolute discretion) for the conduct of its business on ICE Endex;
  3. Provide details of the location of Responsible Individuals and ensure that such details (and any related information including order routing) are advised to ICE Endex upon request throughout the period of membership;
  4. Be able to demonstrate, to the satisfaction of ICE Endex, that it has sufficient systems and controls in place to ensure that all employees, agents and representatives who may act on its behalf or in its name in the conduct of business on ICE Endex are fit and proper with suitable qualifications and experience and adequately trained and properly supervised to perform such functions;
  5. Be a member of the clearing house or be accepted for such membership, or be a party to, or satisfy ICE Endex that it will become a party to, a clearing agreement with a clearing member;
  6. Be party to an Electronic User Agreement (EUA) which is in full force and effect;
  7. Where relevant, be authorised or otherwise exempt, licensed or permitted by the appropriate regulatory body to conduct business on the Market;
  8. Hold all necessary licenses, authorisations and consents, or benefit from available exemptions, so as to allow it to carry on business as a Participant on the Platform in accordance with all applicable laws and regulation;
  9. Satisfy ICE Endex that it enjoys the financial standing suitable for admission to membership supporting its claim by a copy of the last 3 years audited accounts (and thereafter the latest) or such evidence as the Directors may require; and
  10. Satisfy such other requirements of ICE Endex as they may stipulate, supplying such documents in support as ICE Endex requires.

Further criteria may be stipulated by ICE Endex in respect of ICE membership.