PIB A5.3.16

An Authorised Firm must treat a future or forward on a multiple country equity index as either:

(a) notional positions in the constituent equities; or
(b) a number of notional positions being one for each of the countries which is represented in the index, in the proportion of that country's representation in the index.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]