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MAE-B.2.1 [Version up to 30 June 2016]

"Business Rules" in relation to a licensed exchange, a futures exchange or a licensed market operator, means the rules, regulations, by-laws or such similar body of statements, by whatever name called, that govern the activities and conduct of:

(a) The licensed exchange or licensed market operator or;
(b) Members of the respective licensed exchange or licensed market operator; and
(c) Other persons in relation to it.