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Presently, the Commissions imagine that this simplification won't make a significant impression on the ultimate listing drawn from the intersection of the highest 750 and Top 675. For functions of figuring out whether or not the greenback value of the bottom weighted 25% of a selected index exceeds the $50 million (or $30 million) threshold established by the definition of slender-based mostly safety index, the Commissions consider that small variations in the derived ADTV for part securities aren't important. 2. Comment Letters Many of the commenters who addressed the topic of indexes traded on or subject to the foundations of a overseas board of trade did not appear to object to the proposed rule, however centered their feedback on the question of an additional rule to create completely different requirements for indexes traded on or subject to the foundations of a foreign board of trade that might develop the types of indexes that could be thought-about broad-primarily based indexes.114 One commenter maintained that the general 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 customary for when a safety index future traded on or subject to the foundations of a international board of commerce is broad-based mostly made a number of arguments in assist of their view.
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