4.1.1. Admission to clearing rules

(1) An Authorised Clearing House must have clear and objective criteria included in its rules according to which Investments can be cleared or settled on its facilities.

(2) In the case of a Commodity Derivative contract, an Authorised Cleaning House must have regard to:

(a) the degree of standardisation of the contractual terms and operational processes of the Commodity Derivative contract;

(b) the volume and liquidity of the Commodity Derivative contract; and

(c) the availability of fair, reliable and generally accepted pricing information in the Commodity Derivative contract