Article 33 Suspension of Services Provided by the Exchange To Defaulting Participating Brokers
1. If any participating broker fails to pay the net payable balance amount due from him by 09:30 a.m. on the settlement day (T+2), the Exchange may, according to Article (13) of the Resolution No. 4/2000 on the Establishment of the Guarantee Fund, suspend the following services to the defaulting broker pending payment of the amount due:
(a) Any service relating to trading of securities provided by the Exchange in general.
(b) All services and activities relating to clearing and settlement, with the exception of services associated with any pending settlement obligations by the defaulting broker.
2. If the defaulting broker settles the net payable balance amount due from him, the Exchange may resume provision of services referred to in paragraph (1) above to the defaulting broker and the other relevant parties shall be immediately notified thereof.
3. The Exchange may, at its own discretion, apply the provisions of Article (26) of Resolution No. 3/2000 on the Clearing, Settlement, Registry and Central Depository Rules to the participating broker who defaults in the payment of the net payable balance amount due from him for more than twice in one year.