In accordance with the Rules of the ISE a member firm must at all times satisfy the ISE that it:
is fit and proper to carry out its activities on the ISE; and
has adequate trade execution, recording, reporting and settlement procedures and systems as required under its membership; and
has adequate internal controls and risk management procedures including adequate compliance and business recovery arrangements in place; and
has sufficient financial resources for the role it performs where it guarantees the settlement of on-exchange trades, and
has adequate organisational arrangements and resources including staff with sufficient knowledge, competence and experience to perform its activities effectively; and
has a nominated compliance officer(s) who shall be competent to advise the firm and its employees of the interpretation and application of the Rules and all other relevant regulatory requirements.