MAE-3.5.3
Past version: Effective from 01 Oct 2008 to 31 Mar 2013
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The
(a) Shall require a person or any person acting for him pursuant to an express or implied agreement or understanding, who holds or controls net long or net short positions in any contract in excess of the position limits determined under Paragraph MAE-3.5.1, to trade under such conditions and restrictions as the licensed exchange or licensed market operator considers necessary to ensure compliance with the position limits determined under that Paragraph; and
(b) May require the person referred to in MAE-3.5.3 (a) to do one or more of the following actions:
1. Cease any further increase in his position ;
2. Liquidate his position to comply with the position limits determined under Paragraph MAE-3.5.1 within such time as may be determined by the licensed exchange or licensed market operator ; and
3. Be subject to higher margin requirements in respect of his position .