Chapters
Rule 406

Position Accountability

A Person who holds or controls aggregate positions in a Contract in excess of the position accountability levels relating to that Contract set out in the product rules shall be subject to the following provisions:

  1. Such Person shall provide, in a timely manner upon request by the Compliance Department, information regarding the nature of the position, trading strategy, and hedging information if applicable.

  2. Such Person shall, if so ordered by the Compliance Department, acting in its discretion, liquidate or not increase further the positions which exceed such levels.

  3. Such positions must be initiated and liquidated in an orderly manner.

  4. This Rule shall not limit the jurisdiction of the Exchange or the Clearinghouse to take action that it determines necessary or appropriate in respect of any positions on the Exchange or the Clearinghouse.

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