Versions

 

CSD-4.6.3

The licensed clearing house:

(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 futures contract in excess of the position limits determined under rule CSD-4.6.1 to trade under such conditions and restrictions as the licensed clearing house considers necessary to ensure compliance with the position limits determined under that paragraph; and
(b) May require such person referred to in (a) above to do any one or more of the following actions:
(i) Cease any further increase in his position;
(ii) Liquidate his position to comply with the position limits determined under rule CSD-4.6.1, within such time as may be determined by the licensed clearing house; or
(iii) Be subject to higher margin requirements in respect of his position.