Common use of EXCHANGE AND FEDERAL RULES Clause in Contracts

EXCHANGE AND FEDERAL RULES. All transactions handled by Xxxxxxxxxx on Customer’s behalf shall be subject to the constitution, regulations, customs and interpretations of each exchange or market (and its clearing house, if any), on which the trades are executed, and to all applicable statutes and governmental regulations. Xxxxxxxxxx shall not be liable to Customer as a result of any action taken by Xxxxxxxxxx to comply therewith. Xxxxxxxxxx’x violation of any exchange or other self-regulatory organization’s regulations shall not provide Customer with either a defense to a claim by Xxxxxxxxxx or the basis of a claim against Xxxxxxxxxx. Xxxxxxxxxx has no obligation to ensure that Customer abides by the rules and regulations pertaining to it.

EXCHANGE AND FEDERAL RULES. All transactions handled by Xxxxxxxxxx on Customer’s behalf shall be subject to the constitution, regulations, customs and interpretations of each exchange or market (and its clearing house, if any), on which the trades are executed, and to all applicable statutes and governmental regulations. Xxxxxxxxxx shall not be liable to Customer as a result of any action taken by Xxxxxxxxxx to comply therewith. Xxxxxxxxxx’x violation of any exchange or other self-self regulatory organization’s regulations shall not provide Customer with either a defense to a claim by Xxxxxxxxxx or the basis of a claim against Xxxxxxxxxx. Xxxxxxxxxx has no obligation to ensure that Customer abides by the rules and regulations pertaining to it.