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Right now, the Commissions consider that this simplification is not going to make a significant impression on the final record drawn from the intersection of the highest 750 and Top 675. For functions of determining whether the greenback worth of the lowest weighted 25% of a particular index exceeds the $50 million (or $30 million) threshold established by the definition of narrow-based safety index, the Commissions believe that small variations in the derived ADTV for part securities are not critical. 2. Comment Letters Most of the commenters who addressed the topic of indexes traded on or subject to the principles of a international board of commerce did not seem to object to the proposed rule, but focused their comments on the question of an additional rule to create totally different requirements for indexes traded on or subject to the rules of a foreign board of trade that might develop the types of indexes that would be considered broad-based mostly indexes.114 One commenter maintained that the public curiosity requires the Commissions to move ahead and grant relief with respect to foreign security index contracts promptly.A hundred and fifteen Commenters in favor of a special and more expansive standard for when a security index future traded on or topic to the rules of a overseas board of trade is broad-based mostly made plenty of arguments in assist of their view.
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