| Notice No. 08-629 December 8, 2008 Policy Regarding Giving and Receiving of Gratuities Effective December 4, 2008, NYMEX and COMEX adopted Rule 445, as a portion of the rule harmonization project. Rule 445 (“Giving and Receiving of Gratuities”) prohibits members, member firms, broker associations, trading groups and employees of these individuals and entities from giving gifts or gratuities in excess of $100 per year to any employee of another member, member firm, broker association or trading group. This rule is substantially similar to the restrictions imposed by the National Association of Securities Dealers (“NASD”) and the New York Stock Exchange (“NYSE”). The rule is identical to CME and CBOT Rule 508. * * * * * Rule 445 - Giving and Receiving of Gratuities This rule applies notwithstanding any internal policy of an entity that
allows for gifts in excess of $100. The requirements of this rule apply
to both the providers and the recipients of such gifts and gratuities.
Should you have any questions or require any further information, please contact ExchangeInformation@cmegroup.com |