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  • MAE-3.4 MAE-3.4 Business Rules of Licensed Exchanges and Licensed Market Operators have Effect as Contract

    • MAE-3.4.1

      The business rules of a licensed exchange or licensed market operator shall be deemed to be, and shall operate as, a binding contract:

      (a) Between the licensed exchange or licensed market operator and each member; and
      (b) Between each member and every other member.

    • MAE-3.4.2

      The licensed exchange or licensed market operator and each member shall be deemed to have agreed to observe and perform the provisions of the business rules that are in force for the time being, so far as those provisions are applicable to the licensed exchange or licensed market operator, or that member, as the case may be.