The Chief Executive Officer shall issue a decision on granting the right to trade in a section within five exchange days after receipt of a written application that abides by all the conditions in full.

If an application fails to conform to the provisions of law or to a condition required by an exchange rule, the Chief Executive Officer shall instruct the applicant in writing within five exchange days to submit any missing documents and shall identify the inadequate documentation item by item.

Applicants must deliver missing documents to the Exchange within ten exchange days of the receipt of the instructions specifying the inadequate documentation.

The period open for evaluating an application for granting the right to trade restarts on the date the section member submits missing documents.

If a section member who already has the right to trade in a section applies for the right to trade in another section, said section member does not need to resubmit any documents it had submitted for acquiring the existing right, provided such documents are still in effect.

A section member shall acquire the right to trade within six months of the onset of the section membership. If the section member fails to obtain a trading licence by the above date, its section membership shall lapse.