Board membership eligibility: disciplinary suspension or registration cancellation bars members from governing roles for a fixed period. The direction adds clauses making members suspended from trading or whose broker registration is suspended ineligible to continue on or be elected to the Governing Board for two years from expiry of suspension, and barring members with cancelled registration from Governing Board membership. It also disqualifies persons notified under the statute on offences relating to securities transactions from continuing on or being elected to the Governing Board for two years from de notification.