A trader may be excluded for various reasons:
If a trader with provisional registration does not obtain a trader's license up to the due
date, 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.
The participant may request voluntary suspension of the provisional registration at SIX Swiss Exchange.
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.
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.
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.