Exchange - Equity Derivatives Provision: Difference between revisions
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{{eqderivsnap|1.25}} | {{eqderivsnap|1.25}} | ||
====Commentary==== | ====Commentary==== | ||
Of particular relevance to the definition of {{eqderivprov|Market Disruption Event}}. Note also the related concept of the "Related Exchange". | |||
The provisions of {{eqderivprov|1.25(a)}}, relating to {{eqderivprov|Indices}} and {{eqderivprov|1.25(b)}}, relating to {{eqderivprov|Shares}}, (mutuatis mutandis) have the same wording, only in {{eqderivprov|1.25(a)}} relating to {{eqderivprov|Indices}} there is reference to "{{eqderivprov|Shares}} underyling the {{eqderivprov|Index}}" which obviously isn't needed when referring to simpe {{eqderivprov|Shares}}. | |||
====Related Provisions==== | ====Related Provisions==== | ||
Revision as of 13:45, 30 October 2012
Commentary
Of particular relevance to the definition of Market Disruption Event. Note also the related concept of the "Related Exchange".
The provisions of 1.25(a), relating to Indices and 1.25(b), relating to Shares, (mutuatis mutandis) have the same wording, only in 1.25(a) relating to Indices there is reference to "Shares underyling the Index" which obviously isn't needed when referring to simpe Shares.