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At the moment, the Commissions consider that this simplification is not going to make a major impact on the ultimate listing drawn from the intersection of the highest 750 and Top 675. For purposes of figuring out whether or not the dollar worth of the lowest weighted 25% of a specific index exceeds the $50 million (or $30 million) threshold established by the definition of slender-primarily based security index, the Commissions believe that small variations in the derived ADTV for element securities usually are not critical. 2. Comment Letters A lot of the commenters who addressed the subject of indexes traded on or subject to the foundations of a foreign board of trade did not appear to object to the proposed rule, but targeted their feedback on the question of an extra rule to create completely different requirements for indexes traded on or subject to the rules of a overseas board of commerce that may expand the varieties of indexes that can be considered broad-primarily based indexes.114 One commenter maintained that the public interest requires the Commissions to maneuver forward and grant relief with respect to international security index contracts promptly.One hundred fifteen Commenters in favor of a distinct and extra expansive standard for when a safety index future traded on or topic to the rules of a foreign board of commerce is broad-primarily based made quite a lot of arguments in support of their view.
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