The Business Conduct Committee may revoke a declaration of regularity whenever a warehouse or shipping station fails to comply with the conditions specified in Rule 703, any other conditions to which it has agreed in its application for regularity, or any other Exchange rules.

If the designation of a warehouse or shipper as regular is revoked, a notice shall be made available to the membership announcing such revocation and also the period of time, if any, during which the receipts or certificates issued by such warehouse or shipper shall thereafter be deliverable in satisfaction of futures contracts under the Rules. 

In the event of revocation, expiration or withdrawal of regularity, or in the event of sale or abandonment of the properties where regularity is not reissued, holders of outstanding warehouse receipts or shipping certificates shall be given thirty days to take load‑out of the commodity from the facility. If a holder of an outstanding warehouse receipt or shipping certificate chooses not to take load‑out during this period, the facility must provide him with another warehouse receipt or shipping certificate at another, mutually acceptable regular warehouse or shipping station, with adjustments for differences in contract differentials. Alternatively, if such warehouse receipt or shipping certificate is unavailable, the facility must provide the holder with an equivalent quantity and quality of the grain designated in the warehouse receipt or shipping certificate at a mutually acceptable location. (11/29/07)