Template:M summ Equity Derivatives 12.9(a)(ii): Difference between revisions

Template:M summ Equity Derivatives 12.9(a)(ii) (view source)

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-===“It has become illegal”===
+===“[[Change in Law - Equity Derivatives Provision|It]] has become illegal”===
 For those inclined to look even gift horses in the mouth, this provision may appear to leave some things unsaid.
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 You may be [[inclined]], therefore, gracefully to concede. We don’t think you’ll have to do this often, this is a bit of an aficionado’s point. So, [[knee-slide and jet wings]] to the whoever the [[negotiator]] was who thought of it.
-===“{{eqderivprov|Amended Change In Law}}” for closed markets===
-The Standard {{eqderivdefs}} definition of Change in Law is often amended as follows (for example in the [[2007 European Master Equity Derivatives Confirmation Agreement]]:
-{{subtableflex|45|{{2002 ISDA Equity Derivatives Definitions Amended Change In Law}}}}
-The reason usually given is that in a closed market, it is often difficult to determine whether a party could have taken reasonable steps to avoid the {{eqderivprov|Illegality}}.