Automatic exercise of in the money commodity options now required; fair assignment to short positions and member notification mandated. Automatic exercise of all in the money option contracts at expiry is required unless a long holder gives a contrary instruction; out of the money contracts expire worthless; exercised contracts within an option series must be assigned to short positions in that series in a fair and non preferential manner. Exchanges must amend bye laws, notify members and report implementation status to the regulator.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Automatic exercise of in the money commodity options now required; fair assignment to short positions and member notification mandated.
Automatic exercise of all in the money option contracts at expiry is required unless a long holder gives a contrary instruction; out of the money contracts expire worthless; exercised contracts within an option series must be assigned to short positions in that series in a fair and non preferential manner. Exchanges must amend bye laws, notify members and report implementation status to the regulator.
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