The Recognised Body must make transparent and non-discriminatory rules, based on objective criteria, governing access to, or Membership of, its facilities. In particular, those rules must specify the obligations for users or Members of its facilities arising from:
(a) the constitution and administration of the Recognised Body;
(b) its professional standards for staff of any investment firm or credit institution having access to or Membership of a financial market operated by the Recognised Body;
(c) conditions established for access to or Membership of a financial market operated by the Recognised Body by Persons other than investment firms or credit institutions; and
(d) the rules and procedures for Clearing and settlement of transactions.