Exempting Client Clearing Rule definition

Exempting Client Clearing Rule means, in relation to a Clearing Member, any law, regulation or statutory provision (having the force of law) of a Governmental Authority the effect of which, in the determination of the Clearing House in its absolute discretion, is to protect the operation of the Client Clearing Annex of the Default Rules from challenge under the insolvency laws applicable to that Clearing Member"expiry date or month"means a date or month prescribed by Exchange Rules or, where relevant, the Product Specific Contract Terms and Eligibility Criteria Manual, in respect of an option contract"FCM Approved Trade Source System"has the meaning assigned to it in the FCM Regulations"FCM Buffer"has the meaning assigned to it in the FCM Regulations"FCM Clearing Member"has the meaning assigned to it in the FCM Regulations"FCM Clearing Membership Agreement"has the meaning assigned to it in the FCM Regulations"FCM Client"has the meaning assigned to it in the FCM Regulations"FCM Client Segregated Sub- Account"has the meaning assigned to it in the FCM Regulations"FCM Contract"has the meaning assigned to it in the FCM Regulations"FCM Default Fund Agreement"has the meaning assigned to it in the FCM Regulations"FCM EnClear Contract"has the meaning assigned to it in the FCM Regulations"FCM ForexClear Client Clearing Services"has the meaning assigned to it in the FCM Regulations"FCM ForexClear Contract"has the meaning assigned to it in the FCM Regulations"FCM ForexClear Transaction"has the meaning assigned to it in the FCM Regulations"FCM Omnibus Clearing Product Client Account with LCH"has the meaning assigned to it in the FCM Regulations"FCM Omnibus EnClear Client Account with LCH"has the meaning assigned to it in the FCM Regulations"FCM Omnibus ForexClear Client Account with LCH"has the meaning assigned to it in the FCM Regulations
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Exempting Client Clearing Rule means, in relation to a Clearing Member, any law, regulation or statutory provision (having the force of law) of a Governmental Authority the effect of which, in the determination of the Clearing House in its absolute discretion, is to protect the operation of the Client Clearing Annex of the Default Rules from challenge under the insolvency laws applicable to that Clearing Member
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Exempting Client Clearing Rule means any law, regulation or statutory provision (having the force of law) of a governmental authority the effect of which is to protect the operation of the Client Clearing Annex of the Default Rules from challenge under the insolvency rules applicable to any Relevant Clearing Member;
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Examples of Exempting Client Clearing Rule in a sentence

  • The definition for this type of mechanism in the General Rulebook is an "Exempting Client Clearing Rule".

  • The Clearing House will determine whether an effective Exempting Client Clearing Rule exists in respect of a clearing member and, if not, the clearing member must execute a Security Deed in relation to its provision of Client Clearing Services.

  • Where no such Exempting Client Clearing Rule is available, the clearing member will be required to enter into a Security Deed in favour of its clearing clients.

  • The Clearing House will determine (based on legal advice) whether an Exempting Client Clearing Rule is available in respect of a clearing member.

  • The table in schedule one identifies the jurisdictions for which a Security Deed is required, because no Exempting Client Clearing Rule is available.

  • In cases where no such Exempting Client Clearing Rule is available, the clearing member will be required to enter into a Security Deed in favour of its clearing clients.

  • Sensors, such as an overview of the surface, a machine, a control unit, and an irrigate actuator, make up the majority of the IOT system.

  • The Clearing House will determine (based on appropriate legal advice) whether an Exempting Client Clearing Rule is available in respect of a clearing member.

  • Parties should seek their own independent legal advice in relation to the use, economic consequences and selection of particular account types and in relation to the different levels of protection and segregation arrangements.The table at Schedule 2 (Exempting Client Clearing Rule Jurisdictions) identifies the jurisdictions in which the Clearing House considers that a Security Deed is required because no Exempting Client Clearing Rule is available.

  • For the avoidance of doubt, we consider Part 7 of the English Companies Act 1989 ("Part 7") in connection with Article 726 of the Insolvency Law to constitute an Exempting Client Clearing Rule and consequently, in accordance with the Instructions, we have not opined on the Security Deed.

Related to Exempting Client Clearing Rule

  • eligible client means a client of a person or company if any of the following apply:

  • Qualified Intermediary means any Person acting as a “qualified intermediary” for BMW FS’s Like-Kind Exchange Program pursuant to Section 1.1031(k)-1(g)(4) of the Treasury Regulations promulgated under the Code.

  • HIPAA Privacy Rule means the regulations promulgated under HIPAA by the United States Department of Health and Human Services to protect the privacy of Protected Health Information, including, but not limited to, 45 CFR Part 160 and 45 CFR Part 164, Subpart A and Subpart E.

  • Relevant Clearing System means (i) Euroclear, (ii) Clearstream, Luxembourg, or (iii) any other recognised clearing system in which ETP Securities of a Series may be cleared.

  • Recognised Clearing System means any clearing system listed in Section 246A of the Taxes Act (including, but not limited to, Euroclear, Clearstream Banking AG, Clearstream Banking SA and CREST) or any other system for clearing shares which is designated for the purposes of Chapter 1A in Part 27 of the Taxes Act, by the Irish Revenue Commissioners, as a recognised clearing system.

  • The HIPAA Privacy Rule means the Standards for Privacy of Individually 10 Identifiable Health Information at 45 CFR Part 160 and Part 164, Subparts A and E.

  • Benchmarks Regulation means Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014;

  • Approved Securities Intermediary means a Securities Intermediary or Commodity Intermediary selected or approved by the Administrative Agent and with respect to which a Grantor has delivered to the Administrative Agent an executed Control Account Agreement.

  • Manufactured-home transaction means a secured transaction:

  • Controlled Securities Account means each securities account (including all financial assets held therein and all certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Agreement.

  • CFTC Regulations means the rules and regulations promulgated by the CFTC, as amended.

  • Liquidation Process Regulations means, the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations 2016 as amended from time to time;

  • Approved Clearing Agency means any other domestic clearing agency registered with the Securities and Exchange Commission under Section 17A of the Securities Exchange Act of 1934 which acts as a securities depository but only if the Custodian has received a certified copy of a resolution of the Board approving such clearing agency as a securities depository for the Trust.

  • Restricted Client means any person:

  • Trading Affiliate has the meaning set forth in Section 3.2(h).

  • Suspicious transaction means a “transaction” as defined below, including an attempted transaction, whether or not made in cash, which, to a person acting in good faith:

  • Plan Assets Regulation means 29 C.F.R. Section 2510.3-101, et seq., as modified by Section 3(42) of ERISA.

  • EU Securitization Regulation means Regulation (EU) 2017/2402 of the European Parliament and of the Council of December 12, 2017.

  • Privacy Rule means the Standards for Privacy of Individually Identifiable Health Information at 45 C.F.R. part 160 and part 164, subparts A and E.

  • Privacy Regulations means the Privacy and Electronic Communications (EC Directive) Regulations 2003 as amended in 2004, 2011, 2015 and 2016 and as may be further amended from time to time;

  • Clearing Member means a registered broker-dealer which is a clearing member under the rules of O.C.C. and a member of a national securities exchange qualified to act as a custodian for an investment company, or any broker-dealer reasonably believed by the Custodian to be such a clearing member.

  • JSE Listings Requirements means the Listings Requirements of the JSE applicable from time to time;

  • Transaction Personal Information has the meaning ascribed thereto in Section 9.1;

  • Highly restricted personal information means an individual’s photograph or image, social security number, digitized signature, and medical and disability information.

  • UK Securitization Regulation means Regulation (EU) 2017/2402 as it forms part of UK domestic law as “retained EU law” by operation of the EUWA and as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019, and as further amended.

  • FCC Regulations means the regulations duly and lawfully promulgated by the FCC, as in effect from time to time.