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  1. Point in time
    2006-04-05

REC 3.22 Restriction of, or instruction to close out, open positions

REC 3.22.1RRP

Where a UK RIE decides to:

  1. (1)

    restrict the open position on any of the contracts of a member; or

  2. (2)

    issue instructions to a member to close out its positions on any contracts;

that UK RIE must immediately give the FSA notice of that event, and the member's name, the nature and size of any position to be restricted or closed out and the reasons for the UK RIE's decision.