Common use of Statutory Basis Clause in Contracts

Statutory Basis. The Exchange believes that the proposed rule change is consistent with the objectives of Section 6 of the Act,7 in general, and furthers the objectives of Section 6(b)(4),8 in particular, in that it is designed to provide for the equitable allocation of reasonable dues, fees and other charges among its members and other persons using its facilities. The Exchange believes the proposed rule change is reasonable and equitable as it would extend a current fee discount, thus effectively maintaining low fees for all market participants that trade in large-sized FX options on the Exchange.

Statutory Basis. The Exchange believes that the proposed rule change is consistent with the objectives provisions of Section 6 6(b) of the Act,6 in general, and Section 6(b)(5) of the Act,7 in general, and furthers the objectives of Section 6(b)(4),8 in particular, in which requires, among other things, that it is the rules of an exchange be designed to provide for the equitable allocation of reasonable dues, fees and other charges among its members and other persons using its facilities. The Exchange believes the proposed rule change is reasonable promote just and equitable as it would extend a current fee discount, thus effectively maintaining low fees for all market participants that principles of trade in large-sized FX options on and to protect investors and the Exchangepublic interest.