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
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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"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 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.

  • 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.

  • If, and to the extent that, you consider such an Exempting Client Clearing Rule to be available, please: (i) assume for the purposes of answering the following questions that LCH will rely upon the existence of the relevant Exempting Client Clearing Rule and will not require those Relevant Clearing Members to which that Exempting Client Clearing Rule applies to enter into a Security Deed; and (ii) ignore Questions 20 to 22.

  • 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.

  • 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.

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

  • 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.

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

  • The Clearing House will make a determination as to the availability of an effective Exempting Client Clearing Rule or, in the absence of such a rule, the effectiveness of the Security Deed in the case of every clearing member applying to offer Client Clearing Services.

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

  • 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.

  • 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;

  • 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.

  • Regulatory asset means an asset recorded on the books of an

  • Trading Compliance Policy means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic information regarding the Company or its securities.

  • Margin Regulations means Regulations T, U and X of the Board of Governors of the Federal Reserve System, as in effect from time to time.

  • Investment Client means (i) any investment company registered as such under the Investment Company Act, any series thereof, or any component of such series for which the Adviser acts as investment adviser; or (ii) any private account for which the Adviser acts as investment adviser.

  • Eligible Claimant means a person who:

  • Bondable transition property means the property consisting of