Exchange - Equity Derivatives Provision

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.