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Affirmative Obligation

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Affirmative obligation
A New York Stock Exchange rule that governs the behavior of specialists. Affirmative obligation is the mandate of the specialists to step in and act as either the buyer or the seller when public investor orders exist do not match up naturally. Also known as positive_obligation. Related: negative_obligation.

Affirmative Obligation
Financial Industry Regulatory Authority requirements on NASDAQ market makers. Affirmative obligations include but are not limited to ensuring a two-sided market always exists, reporting price and trading volume within 90 seconds of each transaction, and participating in the Small Order Execution System. It should not be confused with an affirmative covenant.


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Bar Ethics Counsel Elizabeth Tarbert confirmed: "If a false financial affidavit was filed, you have an affirmative obligation to tell the court unless the affidavit is withdrawn.
Does the relief impose any affirmative obligations above and beyond the school district's obligations under IDEA?
Professor Ray couches his arguments in the context of the growing number of socioeconomic rights in new constitutions that impose affirmative obligations on the governments enforceable by the courts.
 
 
 
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