Notes

Eight Ways To Have (A) More Appealing Exchange
The SEC’s lawsuit in opposition to Binance alleges that it supplied and sold unregistered securities as a part of its staking program. 78c(a)(55)) for the primary 30 days of buying and selling, if: (1) Such index would not have been a slender-based mostly security index on every trading day of the preceding 6 full calendar months with respect to a date no earlier than 30 days prior to the graduation of trading of such contract; (2) On each buying and selling day of the preceding 6 full calendar months with respect to a date no earlier than 30 days previous to the commencement of trading such contract: (i) Such index had greater than 9 component securities; (ii) No part security in such index comprised more than 30 p.c of the index's weighting; (iii) The 5 highest weighted part securities in such index didn't comprise, within the aggregate, greater than 60 percent of the index's weighting; and (iv) The dollar worth of the trading volume of the bottom weighted 25% of such index was not lower than $50 million (or in the case of an index with 15 or more component securities, $30 million); or (3) On every trading day of the previous 6 full calendar months, with respect to a date no earlier than 30 days previous to the commencement of buying and selling such contract: (i) Such index had a minimum of 9 element securities; (ii) No part security in such index comprised greater than 30 percent of the index's weighting; and (iii) Each part security in such index was: (A) Registered pursuant to Section 12 of the Act (15 U.S.C.

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