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MAE-3.5.3

The licensed exchangeG or licensed market operatorG :

(a) Shall require a personG or any personG acting for him pursuant to an express or implied agreement or understanding, who holds or controls net long or net short positionsG in any contract in excess of the positionG limits determined under Paragraph MAE-3.5.1, to trade under such conditions and restrictions as the licensed exchangeG or licensed market operatorG considers necessary to ensure compliance with the positionG limits determined under that Paragraph; and
(b) May require the personG referred to in MAE-3.5.3 (a) to do one or more of the following actions:
(i) Cease any further increase in his positionG ;
(ii) Liquidate his positionG to comply with the positionG limits determined under Paragraph MAE-3.5.1 within such time as may be determined by the licensed exchangeG or licensed market operatorG ; and
(iii) Be subject to higher margin requirements in respect of his positionG .
Amended: April 2013
 Versions
(2 Versions)
 
Oct 1 2008 - Mar 31 2013Apr 1 2013 onwards
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