Regaining matched book norms updated: revised tear-up compensation and penalty and mandatory automated implementation deadline. Review updates norms for regaining matched book by revising compensation and penalty for tear-up under Alternatives 3 and 4: voluntary tear-up at last mark-to-market price with prescribed compensation and penalty credited to the settlement guarantee fund, and partial pro-rata tear-up at last mark-to-market price with prescribed compensation and penalty credited to the settlement guarantee fund. Other provisions continue to apply.
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Provisions expressly mentioned in the judgment/order text.
Regaining matched book norms updated: revised tear-up compensation and penalty and mandatory automated implementation deadline.
Review updates norms for regaining matched book by revising compensation and penalty for tear-up under Alternatives 3 and 4: voluntary tear-up at last mark-to-market price with prescribed compensation and penalty credited to the settlement guarantee fund, and partial pro-rata tear-up at last mark-to-market price with prescribed compensation and penalty credited to the settlement guarantee fund. Other provisions continue to apply.
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