commiss decis decemb relat proceed articl eec treati iv london cocoa termin market associ limit english text authent eec commiss european commun regard treati establish european econom commun regard council regul februari regul implement articl treati amend act access greec articl thereof regard notif applic neg clearanc submit june london cocoa termin market associ rule regul associ regard summari notif publish pursuant articl regul consult advisori committe restrict practic domin posit factsth london cocoa termin market associ lctma commod market establish london commod market regulatori organ run committe manag select member aid secretariat power member market rule book market regul element supervis bank england object lctma set administ termin market london cocoa termin market futur market organ facil conclud contract purchas sale commod deliv name futur date futur market develop primarili enabl person involv commod trade protect risk advers price movement lctma market floor trade price make determin technic question allow deliveri month standard contract term procur provis clear settlement facil trade floor market dealer face bid offer made system open outcri contract trade cocoa market tonn multipl tonn cocoa bean growth qualiti defin detail section rule lctma deliv contract price warehous approv lctma unit kingdom deliv approv warehous amsterdam antwerp hamburg rotterdam deal month forward deliveri month march juli septemb decemb contract trade london cocoa termin market regist intern commod clear hous limit icch independ servic compani clear settlement facil lctma icch substanti capit reserv wholli own clear bank princip function icch maintain organ daili clear trade provid guarante due fulfil contract accord rule lctma clear member name contract regist class membership lctma class vote member broker member home member allow trade floor market rule maximum broker member home member class vote trade trade member number limit criteria articl broker home membership broadli similar requir applic membership meet financi requir detail statement criteria forc time applic obtain secretari broker member individu home member compani firm broker member applic satisfi committe carri busi cocoa trade london home member candid trade member satisfi criteria trade membership forc vote member member icch regist contract icch return fee guarante perform contract vote membership transfer provid transfere elect accord articl vote membership transfer trade member requir compani firm individu opinion committe bona fide continu interest product manufactur trade cocoa bean cocoa product trade member compani firm individu elig trade membership opinion committe regular user london cocoa termin market appeal procedur appli committe manag refus applic membership refus grant permiss transfer member membership refus chang control natur member firm compani procedur appli member expel suspend member dissatisfi committe decis candid member committe reconsid decis make represent suppli inform consid relev busi conclud floor market broker home member transact free commiss commiss charg transact member member member rate commiss freeli negoti exempt oblig broker home member charg commiss explain ownership market varieti extra cost categori member bear ownership market provis made addit commiss equal origin commiss charg sale cocoa tender fulfil contract deliver clear member icch contract regist extra commiss paid clear member contract regist icch case contract open close dai commiss charg close transact administr purpos behalf member icch collect sum account commiss payabl contract registr purpos icch time time notifi member rate commiss appli icch contract registr intern futur market london princip market intern commod merchandis contribut stabil smooth oper world trade world price mechan larg cocoa figur show rel size lctma compar import competitor futur market cocoa pari york annual volum trade lot trade gt tabl posit gt ii legal assess notifi rule regul lctma consid agreement mean articl eec treati rule regul origin notifi minimum net rate commiss charg member committe power suspend expel offend member rule rate commiss vari pai receiv commiss contract regist client rate cheaper contract regist client icch trade member trade member payer member rate lower home member payer cheapest broker member class home member call citi home member broker member deal free commiss deal home trade trade member past charg minimum rate commiss broker trade floor market busi broker member pai broker member state minimum rate commiss home member deal free commiss floor busi nomin employe act market repres oper floor busi broker past pai broker minimum rate commiss trade trade member deal stipul minimum rate commiss rule provid trade trade member regist agent give order behalf trade trade member broker home member permit return part commiss agent condit rule provid class home member call citi home member deal broker member reduc rate commiss commiss consid system minimum commiss rate form price fix violat articl eec treati lctma request abandon system fix minimum rate system abolish refer system rule regul delet rule provid busi conclud floor market broker home member transact free commiss commiss charg transact member member member commiss believ oblig appreci restrict competit entail oblig charg commiss refer note complet freedom exist negoti actual commiss rate result represent commiss amend made rule membership made clear face articl membership open criteria applic membership judg object fact seventh paragraph committe manag requir give reason take decis affect member right membership protect right actual potenti member appeal procedur introduc ultim resort appel recours ordinari court english law public offici journal european commun pursuant articl regul bring represent notifi articl associ rule regul amend form longer claus constitut appreci restrict competit common market commiss basi fact possess ground action articl commiss issu neg clearanc pursuant articl regul adopt decis articl basi fact possess commiss ground action articl eec treati respect rule regul london cocoa termin market associ notifi articl decis address london cocoa termin market associ limit regist offic cereal hous mark lane london ec unit kingdom brussel decemb commiss peter sutherland member commiss oj oj