Pursuant to Commission Regulation 40.6 (a) (2) and (3), the HedgeStreet Rule Committee has approved amendments to the above-referenced Rules for the purposes summarized here:
a) Amendment to Rule 1.1(a) & (i) - the definitions of both "Cap" and "Floor"; these two terms are amended to relate to the Variable Payout Hedgelet Contracts;
b) Amendment to Rule 5.14 - allows for the addition of new Rule 5.14(e), further defining the application of speculative position limits upon certain trading individuals/parties.
These Rule amendments were submitted to the Commission on Friday, February 18, 2005.
Effectiveness will commence at the start of business on Tuesday, February 22, 2005. Click here to view the rule amendments.
Should you have any questions or require further information, please contact the Compliance Department.