commiss decis decemb relat proceed articl eec treati iv london grain futur market english text authent eec commiss european commun regard treati establish european econom commun regard council regul februari regul implement articl treati amend act access spain portug articl thereof regard notif applic neg clearanc submit august relat articl associ regul london grain futur market regard summari notif publish pursuant articl regul consult advisori committe restrict practic domin posit fact london grain futur market lgfm set run auspic grain feed trade associ gafta commod market establish london commod market regulatori organ run committe manag aid secretariat power member market rule book lgfm committe consist member elect member lgfm nomin council gafta turn larg elect member gafta nomin annual uk agricultur suppli trade associ limit market regul element supervis bank england increasingli supervis member associ futur broker dealer limit afbd object lgfm set administ termin market london grain 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 lgfm market floor trade price make determin technic question allow deliveri month standard contract term procur provis clear settlement facil trade floor market dealer face ring make bid offer system open outcri intern futur market london princip market intern commod merchandis contribut stabil smooth oper world trade world price mechan rel size lgfm compar import competitor shown annual volum trade barlei metric tonn year london winnipeg tonn contract tonn contract annual volum trade wheat metric tonn year london winnipeg minneapoli mid america chicago tonn contract tonn contract bushel contract tonn bushel contract trade lgfm barlei contract barlei eec origin standard qualiti detail regul regul lgfm deliveri buyer lorri bulk store regist committe lgfm mainland great britain wheat contract grade wheat eec origin standard qualiti detail regul regul lgfm deliveri buyer lorri bulk store regist committe mainland great britain determin committe trade deliveri month septemb novemb januari march barlei wheat juli case wheat contract trade lgfm regist clear hous gafta clear hous set gafta purpos regul transact futur contract princip purpos facilit transmiss document payment settlement notic relev matter member term regul lgfm subject condit set articl gafta gafta oper guarante system due fulfil contract made member lgfm contract regist class membership lgfm class consist full member allow trade floor market regul provid full membership limit member class member consist associ member number limit criteria regul full member requir applic membership meet financi requir full member applic satisfi committe activ interest trade grain genuin place busi approv committe associ member genuin place busi approv committe member state eec member member gafta person engag engag grain trade corpor wheresoev situat engag grain trade elig membership gafta member gafta time number increas member gener sell membership certif provid purchas elect accord regul lgfm committe requir give reason take decis affect member right membership appeal procedur appli committe refus applic membership refus grant permiss sale membership certif suspend member dai expel member member deem resign ceas meet criteria class membership case candid member dissatisfi committe decis candid member committe reconsid decis make represent suppli inform consid relev regul requir member gener member associ futur broker dealer limit afbd requir mandatori member member excus oblig full member place busi uk engag busi exclus account behalf relat compani fall categori member excus membership afbd afbd afbd regulatori organ sro expect recogn secur invest board sib set anticip financi servic act stipul person allow carri invest busi uk author person exempt person member lgfm author virtu member afbd order member afbd applic fulfil qualit criteria reflect afbd primari object promot maintain system supervis conduct busi commod financi futur broker dealer view protect interest client criteria relat suitabl member financi busi stand elig respect reliabl train experi financi resourc regul lgfm provid charg commiss made member respect london grain futur transact affect parti member rate commiss freeli negoti transact straddl execut commiss provid close simultan straddl aris purchas made contract simultan sale contract kind grain deliveri month kind grain deliveri month ii legal assess notifi regul lgfm consid agreement mean articl eec treati regul lgfm account represent commiss relat termin market london commiss grant neg clearanc respect rule associ decis eec sugar eec cocoa eec coffe eec rubber regul origin notifi minimum net rate commiss chargeabl respect grain futur rule rate commiss vari natur client rate higher associ member full member higher member special rate obtain dai trade place bui sell trade place dai close dai regul prohibit form deduct minimum commiss arrang effect intend effect directli indirectli deduct minimum rate deem violat regul commiss consid system minimum commiss rate form price fix violat articl eec treati lgfm request abandon system fix minimum rate system complet abolish refer system regul delet regul longer form minimum commiss simpli provid charg commiss made member respect contract parti parti member complet freedom exist negoti actual commiss rate commiss believ oblig appreci restrict competit result represent commiss amend made regul membership membership open criteria applic membership judg object committe requir give reason take decis affect member right membership protect right actual potenti member appeal procedur introduc public offici journal european commun pursuant articl regul elicit represent articl associ gafta regul lgfm outlin 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 articl associ regul london grain futur market notifi august articl decis address london grain futur market regist offic baltic exchang chamber st mari ax london ec ep unit kingdom brussel decemb commiss peter sutherland member commiss oj oj oj oj oj oj