Market Violation definition
Examples of Market Violation in a sentence
Once the Market Monitoring Unit has obtained sufficient credible information to warrant referral to the Commission, the Market Monitoring Unit shall immediately refer the matter to the Commission and desist from further investigation of independent action related to the alleged Market Violation, except at the express direction of the Commission or Commission staff.
The Market Monitoring Unit may continue to monitor for repeated instances of the reported activity by the same or other entities and shall respond to requests from the Commission for additional information in connection with the alleged Market Violation it has referred.
Market Violation is a tariff violation, violation of a Commission-approved order, rule or regulation, market manipulation, or inappropriate dispatch that creates substantial concerns regarding unnecessary market inefficiencies.
While the Market Monitoring Unit need not be able to prove that a Market Violation has occurred, the Market Monitoring Unit is to provide sufficient credible information to warrant further inves- tigation by the Commission.
The Market Monitoring Unit is to respond to re- quests from the Commission for any additional information in connection with the alleged Market Violation it has referred.
Once the Market Monitoring Unit has obtained sufficient credible information to war- rant referral to the Commission, the Market Monitoring Unit is to imme- diately refer the matter to the Com- mission and desist from independent action related to the alleged Market Violation.
As per the “Eastern Market Act,” if a Vendor breaks any rule in this Eastern Market Vendor Agreement, he or she will first receive a written Market Violation Notice.
If the Vendor receives three (3) Market Violation Notices in a calendar year, the Vendor’s participation in the Market shall be automatically cancelled, and no Vendor fees will be refunded.
If the Vendor receives three (3) Market Violation Notices during any twelve month period, the Vendor’s participation in the Market shall be automatically cancelled, and no Vendor fees will be refunded.