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Affirmative Obligation
(redirected from Positive obligations)

   Also found in: Wikipedia 0.01 sec.
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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The debate continued over whether the Charter also imposes positive obligations on government.
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.
However, this distinction may become difficult to discern in the context of a failure of a state to fulfill positive obligations in relation to the acts of nonstate actors.
 
 
 
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