Notice and effects. 7.1 The Clearing Member – for the purposes of the execution of the preceding paragraphs – shall notify CC&G, also in the name and on behalf of the Settlement Agent, of the stipulation of the present 7.2 CC&G shall inform the Parties of the date on which this agreement shall take effect. 7.3 Communications from CC&G to the Settlement Agent pursuant to the preceding paragraph 2 shall be 7.4 The Clearing Member is obliged to inform the Settlement Agent if it decides to alter its own position, within a Section, from that of an Individual Clearing Member to a General Clearing Member or vice versa, by prior notification of not less than ten CC&G open days before the modification shall take effect. Notwithstanding the right of withdrawal under the terms indicated at Article 8, this change shall take immediate effect, from the moment in which the new position is implemented by CC&G, in relation both to the consequent requirements of CC&G and to the corresponding obligations of the Settlement Agent.
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Sources: Membership Requirements Agreement, Membership Requirements Agreement, Membership Requirements Agreement