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 ?
In accordance with the revised timetable for the initial part of the session, from 15 to 23 June, when it reconvenes, the Conference will commence an article-by-article review of the text, starting with the preamble, before moving on to the general obligations (article 1), declarations, safeguards and measures relating the verified elimination of nuclear weapon programmes (articles 2 to 5), positive obligations (article 6), implementation (articles 7 to 10) and final provisions (articles 11 to 21).
It details the Human Rights Act 1998, the European Convention on Human Rights, and the impact on public authority liability in the UK, positive obligations and omissions in liability, and defamation and freedom of expression.
117) These scholars claim that by not creating positive obligations on investors, the UNGP will not be effective in advancing human rights.
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.
Positive obligations would include a requirement that the athlete will attend training and matches in which the Club is engaged and participate in those for which he is selected.
16) It goes without saying that creating positive obligations on the state triggers that very concern, especially where resource (re)allocation is involved.
Restrictive, originally, the Court considered that this attitude did not constitute a violation of the right to privacy, followed subsequently by a profound change in the sense of States acceptance of some positive obligations relating to transgender people.
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.
This article examines the likely positive obligations of the European Union ('EU') following its approaching accession to the European Convention on Human Rights.
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.
8, reiterates that this provision lays on the Contracting States not only the obligation of abstaining from interfering in family life, but also positive obligations of seeking measures for a broader guarantee of the protected right, for example to guarantee family reunification ([section] 94).