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
Sample 1Sample 2Sample 3
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
Sample 1Sample 2Sample 3
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;
Sample 1

Examples of Exempting Client Clearing Rule in a sentence

  • We consider the second paragraph of Article 726 of the Insolvency Law in connection with Part 7 to constitute an Exempting Client Clearing Rule and consequently, in accordance with the Instructions, we have not provided an answer to this question.

  • The analysis shall also contain the auditor’s opinion on the objectivity and suitability of the criteria referred to in paragraph 1 hereof, and the consistency of their implementation from one period to the next.

  • However, the mechanism of the Security Deed is intended to operate only in the absence of an Exempting Client Clearing Rule and on the basis of our opinion at paragraph 4.3.3 above, an Exempting Client Clearing Rule would apply to a Relevant Clearing Member.

  • 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.

  • Please clarify whether the relevant Exempting Client Clearing Rule would be expected to apply to Relevant Clearing Members of all entity types or to only certain entity types.

  • Accordingly, we consider that the Irish Settlement Finality Regulations (as amended by Part 9 of the Brexit (Consequential Provisions) Act) should, on the basis of our assumption at paragraph 2.17, be considered as an Exempting Client Clearing Rule.

  • Accordingly, Part 7, which operates as an Exempting Client Clearing Rule, would apply to the Defaulter.

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

  • We consider the second paragraph of Article 726 of the Insolvency Law in connection with Part 7 to constitute an Exempting Client Clearing Rule andconsequently, in accordance with the Instructions, we have not provided an answer to this question.

  • 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

  • Clearing Rules means SGX-DC Clearing Rules as amended or supplemented from time to time;

  • 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 as defined in 45 CFR Part 164, Subparts A and 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.

  • Commodity Futures Trading Commission means the independent regulatory agency established by congress to administer the Commodity Exchange Act.

  • 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;

  • Restricted Client means any person, firm, corporation or other organization to whom the Participant directly or indirectly performed or assisted in performing Relevant Services, or with which the Participant otherwise had material contact, or about which the Participant learned Confidential Information or Trade Secrets, within the twenty-four months prior to the date on which the Participant’s employment with the Constituent Companies terminated.

  • Applicable Regional Entity means the Regional Entity for the region in which a Network Customer, Transmission Customer, New Service Customer, or Transmission Owner operates. Applicable Standards:

  • Clearing Organization means The Depository Trust Company, or, if agreed to by Borrower and Lender, such other clearing agency at which Borrower (or Borrower's agent) and Lender (or Lender's agent) maintain accounts, or a book-entry system maintained by a Federal Reserve Bank.

  • Market Abuse Regulation means Regulation (EC) No …/… of the European Parliament and of the Council on insider dealing and market manipulation (market abuse);

  • 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.