Positive obligation

Positive obligation

A New York Stock Exchange rule that governs the behavior of specialists. Positive obligation is the mandate of the specialists to step in and act as either the buyer or the seller public investor orders exist do not match up naturally. Also known as affirmative_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.
References in periodicals archive ?
7 is named 'Agreement or Determination', which reflects the engineer's positive obligation to encourage the agreement of claims.
The Philippines is required to protect its population, and its government has a positive obligation to take effective measures to protect the right to life.
In the statement, the special rapporteurs pointed out that the Philippine government is required to protect its population, and has a positive obligation to take effective measures to protect the right to life, saying that failure to do so is a "violation of the International Covenant on Civil and Political Rights.
These reports and enquiries have helped inform the updates to the legislation the Government will introduce in the Assembly this week, which include: Improved information-sharing to ensure child protection, law enforcement and oversight bodies have access to the information they need to be effective in dealing with child welfare and safety concerns; Technical amendments like updating the definition of an employee to enable a broader application of the Reportable Conduct Scheme; and Placing a positive obligation on the head of organisations covered by the Reportable Conduct Scheme to boost accountability and ensure systems are in place to report, investigate and handle sensitive information.
In the event that any statement made by a Licensee is misquoted in the media, then, to the extent that the misquote does or may result in an apparent breach of the Consumer Protection Regulations (for example, the misquote is misleading about the terms of a special offer), the relevant Licensee is now under a positive obligation to take reasonable steps to procure a retraction, correction or other appropriate action concerning the misquoted statement in the same medium in which the misquotation was published.
A case which illustrates the positive obligation to promote good health for the community is the decriminalization of drug use in Portugal.
In fact, it claims the ECHR would "positively require the use of lethal force by the Government" in certain situations because it "imposes a positive obligation on the state to protect life".
So that sort of the positive obligation that has emanated from this new legislation.
2 "generally imposes a negative obligation on government rather than a positive obligation of protection or assistance.
In this first stage, by virtue of the margin of appreciation recognized to States, in the implementation of the Convention, by complying with the subsidiary character of the international mechanism established by the Convention, the Court did not appreciate that States had the positive obligation to rectify the civil status acts of operated transsexuals, but recognized, however, by default, the right of these people to change their sexual orientation, thus leaving open any evolutionary possibility.
Dr Julia Kapelanska--Pregowska--Human Rights Department, Faculty of Law and Administration, Nicolaus Copernicus University--presented speech titled Health-care and State's Positive obligation under the European Convention of Human Rights Even.
Do companies have a positive obligation to look for AERs through independent social media sites and to what extent should company-driven social media be monitored for AERs?