PRESCRIBED LIMITS Sample Clauses

PRESCRIBED LIMITS. The SFC Rules imposes restrictions on the maximum number of futures contracts, including an option on a contract made under the rules or conventions of a futures market as defined in the Ordinance, for any one contract month or series that may be held or controlled by the Client. The prescribed limits on futures contracts are specified in schedule 1 of the SFC Rules. In general, the prescribed limits in schedule 1 of the SFC Rules are also reflected in the Rules of Futures Exchange. The Client should note that in addition to the prescribed limits, the Futures Exchange may impose other position limits on a particular contract, Galaxy International Futures or the Client where situations warrant such action. The Client should make reference to the HKEX website for the latest prescribed limits: xxxxx://xxx.xxxx.xxx.xx/Services/Trading/Derivatives/Overview/Trading-Mechanism/Large-Open-Positions-and-Position-Limits?sc_lang=en The prescribed limits apply to all positions held or controlled by any person including positions held by the person for his own account and positions belonging to other persons but under the control of such person (“Aggregation Requirements”). A person is regarded as having control of positions as for example where a person is allowed to exercise discretion to trade or dispose of the positions independently without the day- to-day direction of the owner of the positions. The prescribed limits do not apply to a person who controls positions merely by virtue of its corporate relationship (e.g. a parent company in relation to positions held by its affiliates/subsidiaries) provided that such person does not give its affiliates/subsidiaries any day-to-day direction with respect to trading. EachE of Galaxy International Futures and the Client is prohibited from entering into, holding or controlling more than thethe prescribed limits, unless the excess is expressly authorised by the Futures Exchange oror SFC in accordance with the SFC Rules.
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PRESCRIBED LIMITS. (i) Where a full time employee is incapacitated by sickness or injury arising out of and in the course of employment, salary may be paid at the discretion of the employer.
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PRESCRIBED LIMITS. 7.1. Each Advanced User shall, unless YoloSwap otherwise determine, be subject to the following limitations:
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Related to PRESCRIBED LIMITS

  • Certification Regarding Debarment, Suspension, and Other Responsibility Matters – Primary Covered Transactions The Firm certifies to the best of its knowledge and belief, that it and its principals:

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  • Canceling Dependent Coverage During Open Enrollment In addition to the above situations, dependent health or dependent dental coverage may also be cancelled for any reason during the open enrollment period that applies to each type of plan (as long as allowed under the applicable provisions, regulations and rules of the federal and state law in effect at the beginning of the plan year).

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