SCHEDULES

SCHEDULE 21 Additional Requirements for Recognition

Part IU.K. investment exchanges

Notification to other parties affected

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The exchange must have adequate arrangements for securing that—

a

parties to unsettled market contracts with a defaulter acting as principal are notified as soon as reasonably practicable of the default and of any decision taken under the rules in relation to contracts to which they are a party; and

b

parties to unsettled market contracts with a defaulter acting as agent and the defaulter’s principals are notified as soon as reasonably practicable of the default and of the identity of the other party to the contract.