https://www.taxtmi.com/caselaws?id=262418 Under exchange bye-laws, annulment is treated as an exceptional remedy and is not available for a trade caused by gross negligence, failure of risk controls, or disregard of opportunities to correct an erroneous order. The document also notes that alleged margin and pricing breaches by counterparty members must be separately examined where they may affect whether those trades should be annulled or whether other regulatory action is appropriate. Connected penalty orders are said to require clear reasoning and factual linkage, and where the underlying counterparty issues are reopened, the penalties may also be set aside for fresh adjudication. en-us Tue, 26 Aug 2014 00:00:00 +0530 Mon, 10 Aug 2015 05:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262418 Under exchange bye-laws, annulment is treated as an exceptional remedy and is not available for a trade caused by gross negligence, failure of risk controls, or disregard of opportunities to correct an erroneous order. The document also notes that alleged margin and pricing breaches by counterparty members must be separately examined where they may affect whether those trades should be annulled or whether other regulatory action is appropriate. Connected penalty orders are said to require clear reasoning and factual linkage, and where the underlying counterparty issues are reopened, the penalties may also be set aside for fresh adjudication. Case-Laws Companies Law Tue, 26 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262418