In case of the death of independent director, resign or terminate by the SEC office or where Derivatives broker is a part of financial conglomerate which has share holding structure, examination of

need to resign; · require the documentation of all considerations and justification where firm chooses to safeguards against rather than eliminate a threat; · prohibit audit team members from making or

temporarily suspends the trustee’s undertaking of trust business, or revokes the approval granted to the trustee to undertake trust business. SECTION 23 A trustee may resign or be dismissed from trusteeship as

appointment. If the appointed person fails to resign within the said period, it shall be deemed that such person has never been appointed as the Chairman or commissioner, under the circumstance of which there