Exchange - Equity Derivatives Provision

Template:Eqderivanat Relevant to the definition of Market Disruption Event. Note also the related concept of the “Related Exchange”.

The limbs are:

• 1.25(a), relating to Indices and
• 1.25(b), relating to Shares.

They are, mutatis mutandis, the same, only 1.25(a) talks about “Shares underlying the Index” which obviously isn’t needed when referring to Shares themselves.

Not to be confused, however tempting and, really, forgiveable it may be, with a Related Exchange under paragraph 1.26.

See also

• 1.26 Related Exchange