Common use of Compliance with Applicable Rules and Regulations Clause in Contracts

Compliance with Applicable Rules and Regulations. The Applicable Rules and Regulations may provide for position limits, exercise limits, margin requirements and requirements for cash-only trades during certain periods, such as the last ten business days prior to the expiry of an Option. The Firm may also set position limits, exercise limits and/or requirements for cash-only trades prior to the expiry of an Option. You acknowledge that the Firm may limit your ability to exercise an Option undergoing certain corporate action events. You agree to comply with all Applicable Rules and Regulations, limitations and requirements in effect or which may be passed or adopted. You will not exceed in aggregate, either alone or with others, directly or indirectly, any exercise limit or position limit, or other such restriction imposed. The Firm may be required to report any such violation to the applicable regulatory authorities. You acknowledge that you may not establish an Option position with one firm and, while maintaining it, have the same position closed out through another firm.

Compliance with Applicable Rules and Regulations. The Applicable Rules and Regulations may provide for position limits, exercise limits, margin requirements and requirements for cash-only trades during certain periods, such as the last ten business days prior to the expiry of an Option. The Firm may also set position limits, exercise limits and/or requirements for cash-only trades prior to the expiry of an Option. You acknowledge that the Firm may limit your ability to exercise an Option undergoing certain corporate action events. You agree to comply with all Applicable Rules and Regulations, limitations and requirements in effect or which may be passed or adopted. You will not exceed in aggregate, either alone or with others, directly or indirectly, any exercise limit or position limit, or other such restriction imposed. The Firm may be required to report any such violation to the applicable regulatory authorities. You acknowledge that you may not establish an Option position with one firm and, while maintaining it, have the same position closed out through another firm.