Participant inclusion expands clearing obligations to participants alongside clearing members, altering regulatory scope upon publication. Amendments expressly insert the word 'participants' into regulation 22D and regulation 37 so that references to clearing members and to failures or events of failing to honour now read to include participants, thereby extending the operative failure, honouring and related regulatory frameworks to participants as well as clearing members; the regulations take effect on publication in the Official Gazette.
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.
Participant inclusion expands clearing obligations to participants alongside clearing members, altering regulatory scope upon publication.
Amendments expressly insert the word "participants" into regulation 22D and regulation 37 so that references to clearing members and to failures or events of failing to honour now read to include participants, thereby extending the operative failure, honouring and related regulatory frameworks to participants as well as clearing members; the regulations take effect on publication in the Official Gazette.
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