Affirmative obligation

(redirected from Positive obligations)
Also found in: Wikipedia.

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.
References in periodicals archive ?
The report highlights some negative trends concerning restrictions of peaceful assembly and the need for state authorities to more decisively implement their positive obligations in this area," said Ambassador Sergey Kapinos, Head of the OSCE Centre in Bishkek.
16) It goes without saying that creating positive obligations on the state triggers that very concern, especially where resource (re)allocation is involved.
Other states have drafted or passed legislation that can offer models for improving Canada's proposed legislation, particularly on interoperability, visiting forces, transit, disinvestment, and the treaty's positive obligations.
The positive obligations of the state under the European Convention of Human Rights.
Wisniewski's error, here, is in maintaining a rather unusual version of positive obligations.
Paragraph 9 in the Preamble says: "Financial services and immovable property, by reason of their complexity and inherent serious risks, necessitate detailed requirements, including positive obligations on traders.
However, it imposes no positive obligations on you to encourage whistleblowing or to implement a whistleblowing policy.
Bill 168 imposes positive obligations that will heighten the effect of that double whammy.
But here we should note the important legal principle of positive obligations (Mowbray 2004).
46) According to Van Dijk and Van Hoof "It is established case-law that the Convention does not merely oblige the authorities of the Contracting States to respect the rights and freedoms embodied in it, but in addition requires them to secure the enjoyment of these rights and freedoms by preventing and remedying any breach thereof, and that, therefore, the obligation to secure the effective exercise of Convention rights may involve positive obligations on the part of the State, even involving the adoption of measures in the sphere of the relations between individuals.
While the State regulations on abortion relate to the traditional balancing of privacy and the public interest, they must--in case of a therapeutic abortion be also assessed against the positive obligations of the State to secure the physical integrity of mothers-to-be.
On the other hand, Cathleen Kaveny explores the possibility of positive obligations overriding noncooperation in another's wrongdoing.