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".
Of particular relevance to the definition of {{eqderivprov|Market Disruption Event}}. Note also the related concept of the "{{eqderivprov|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}}.
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}}.