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Central Counterparty

Pursuant to GEN Rule 2.18.1(3), a Person operates as a Central Counterparty where it:

(a) ensures the performance of open contracts relating to Investments, made on a facility for trading Investments; and
(b) does so by interposing between counterparties to such contracts by becoming the buyer to every seller, or the seller to every buyer.
[Added] DFSA RM124/2013 (Made 13th June 2013) [VER30/07-13]