Examples of MAS Requirements in a sentence
For the avoidance of doubt, no reference in these Rules to Applicable Laws (including the expressions 'without prejudice to Applicable Laws', 'subject to Applicable Laws' or similar), shall be construed as restricting or negating the applicability of any provision of the SFA or any MAS Requirements thereunder or any obligation or liability of the Clearing House, a Clearing Member, a Customer or a Governmental Authority under the SFA or any MAS Requirements.
Notifications under Rule 204(a)(xiii) (other than notifications of any matter, circumstance, change or occurrence which would cause a statement previously furnished pursuant to this Rule 204, any information supplied in connection with the Clearing Member's application for membership or otherwise to be inaccurate, incomplete or superseded) shall only be required if a notification is also required to the MAS under MAS Requirements.
Clearing Members that are authorised and regulated by the MAS will be deemed to satisfy this requirement if they comply with all applicable MAS Requirements relating to record-keeping in relation to their activities connected with the Clearing House provided that they must also keep relevant records required under MAS Requirements for the full five-year retention period.
The term "Applicable Law" means any applicable national, federal, supranational, state, regional, provincial, local or other statute, law, ordinance, regulation, rule, code, guidance, order, published practice or concession, regulatory requirement, judgment or decision of a Governmental Authority and, for the avoidance of doubt, includes MAS Requirements and any rules, regulations, guidance and approach document of any other Regulatory Authority.
Unless otherwise specified by the Clearing House or a Clearing Member, all cash and non-cash Collateral paid or delivered by the Clearing Member to the Clearing House will be recorded in the Clearing Member’s respective Proprietary Collateral Account or Customer Collateral Account and will be eligible for use and applied to meet the Clearing Member’s Margin liabilities and outstanding debit owing to the Clearing House in accordance with the Clearing Rules and MAS Requirements.
For the avoidance of doubt, no reference in these Rules to Applicable Laws (including the expressions "without prejudice to Applicable Laws", "subject to Applicable Laws" or similar), shall be construed as restricting or negating the applicability of any provision of the SFA or any MAS Requirements thereunder or any obligation or liability of the Exchange, a Member, a client or a Governmental Authority under the SFA or any MAS Requirements.
The Clearing Processing System does not permit Clearing Members to effect transfers or offsets of Margins between Member Units or otherwise contrary to the MAS Requirements.
For the avoidance of doubt, no reference in these Rules to Applicable Laws (including the expressions "without prejudice toApplicable Laws", "subject to Applicable Laws" or similar), shall be construed as restricting or negating the applicability of any provision of the SFA or any MAS Requirements thereunder or any obligation or liability of the Exchange, a Member, a client or a Governmental Authority under the SFA or any MAS Requirements.
Clearing Members that are authorised and regulated by the MAS will be deemed to satisfy this requirement if they comply with all applicable MAS Requirements relating to record-keeping in relation to their activities connected with the Clearing House provided that they must also keep relevant records required under MAS Requirements for the full ten-year retention period.
For the avoidance of doubt, no reference in these Rules to Applicable Law (including the expressions “without prejudice to Applicable Laws”, “subject to Applicable Laws” or similar), shall be construed as restricting or negating the applicability of any provision of the SFA or any MAS Requirements thereunder or any obligation or liability of the Exchange, a Member, a client or a Governmental Authority under the SFA or any MAS Requirements.