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.
References in periodicals archive ?
Even if a juridical basis for extraterritorial application is established, the question of positive obligations must still be resolved.
Does Pogge want to deny that we have stringent positive obligations to infants, to the starving, and to the disabled?
The book's essays address the significance of public discourse, civic education, and the question whether society should impose positive obligations upon citizens to help others in emergencies.
So over to Rhodri Morgan's administration - will they address their 'positive obligations' to ensure Welsh authorities respect human rights?
Positive obligations do not run with the land, in the same way that negative restrictions do.
The aim of the Directive is to lay down standard EU-wide criteria for determining whether a commercial practice is unfair, although without imposing any positive obligations on traders to show that they are trading fairly.
7 may be interpreted to include positive obligations. I leave open the possibility that a positive obligation to sustain life, liberty, or security of the person may be made out in special circumstances." (28)
The reformers rejected the emerging society of voluntary contract, where positive obligations were self-imposed, in favor of a model of community consisting of unchosen positive obligations to care for citizens who are unable or unwilling to care for themselves.
Emphasize journalists' positive obligations (not a list of don'ts).
The European Court of Human Rights has accepted that the European Convention on Human Rights (ECHR) not only gives rise to so-called negative obligations requiring states to refrain from directly committing human rights violations, but also so-called positive obligations to take steps to secure individuals the effective enjoyment of their human rights.
This question does not regard the intrinsic impossibility: even tensions implicate rights and positive obligations, which cannot be declared by the court.