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Tick test rules |
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Tick test rulesSEC-imposed restrictions on when a SEC may be SEC, intended to prevent SEC from destabilizing the price of a SEC when the SEC is falling. A short sale can be made only when either (1) the sale price of the particular SEC is higher than the last SEC price (referred to as an SEC trade) or (2) if there is no change in the last SEC price of the particular stock, the previous trade price must be higher than the trade price that preceded it (referred to as a SEC).Tick test rules Similar MatchesSuitability rulesSuitability rulesPolicies and guidelines that brokers must use to ensure that investors have the financial means to assume risks that they wish to undertake. These are enforced by the NASD and other self-regulatory organizations. Rules of originRules of originRules included in a FTA specifying when a good will be regarded as produced within the FTA, so as to cross between members without tariff. Typical ROOs are based on percentage of value added or on changes in tariff heading. Listing rulesListing rulesDetails which a company is obliged to publish about itself together with any securities it issues before it obtains a listing on a recognised stock exchange.The listing rules of the London Stock Exchange are issued in a yellow binder and commonly known as the Yellow Book. Separate listing rules exist for the LSE's junior market - the Alternative Investment Market. Rules of fair practiceRules of fair practiceRules established by the NASD that lay down guidelines for just and equitable principles of NASD and business in NASD NASD. Uniform Rules for CollectionsUniform Rules for CollectionsInternational Chamber of Commerce rules on the handling of documentary and clean collections. Further SuggestionsAllocation of income rulesSecurities and Exchange Commission Rules Administrative pricing rules Rules-based trade policy |
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