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{{eqderivsnap|12.9(a)(ii)}} | {{eqderivsnap|12.9(a)(ii)}} | ||
==Commentary== | ==Commentary== | ||
===Omission of "material increase in costs" limb=== | ====Omission of "material increase in costs" limb==== | ||
The industry has generally moved to omit the "{{eqderivprov|Increased Cost of Hedging}}" aspects of this definition (because it is dealt with there). You may see this expressed as: "Applicable, provided that section {{eqderivprov|12.9(a)(ii)(Y)}} of the Equity Definitions does not apply." See also, for example, the [[2007 European Master Equity Derivatives Confirmation Agreement]], which provides the following: | |||
{{eqderivsnap|Amended Change In Law}} | {{eqderivsnap|Amended Change In Law}} |