commiss decis decemb relat proceed articl eec treati iv london sugar futur market limit english text authent eec commiss european communitieshav 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 sugar futur market rule regul associ regard summari notif publish pursuant articl regul consult advisori committe restrict practic domin posit factsth london sugar futur market lsfm 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 lsfm set administ futur market london sugar 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 lsfm 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 basic contract trade rule lsfm ath contract white beet cane crystal sugar refin sugar origin crop season current time deliveri qualiti defin detail contract rule contract price free board stow hold port antwerp bremen calai copenhagen dunkirk dublin elmshaven hamburg hull immingham le havr rotterdam rouen vlissingen bthe contract raw cane sugar qualiti defin detail rule origin countri contract price free board stow hold unit kingdom port contract lot tonn multipl tonn trade month forward deliveri month march august octob decemb contract trade london sugar futur market regist intern commod clear hous limit icch independ servic compani clear settlement facil lsfm icch substanti capit reserv wholli own clear bank princip function icch maintain organ daili clear trade provid guarante due fulfil contract accord rule lsfm clear member name contract regist main class membership full membership vote membership class limit full member vote membership divid class oversea affili member associ member limit number class associ member number oversea affili member limit increas applic membership nation satisfi minimum capit requir laid time time committe manag carri busi sugar trade prior membership period time laid time time committe applic full membership trade offic london establish purpos detail statement criteria membership forc time obtain associ applic membership transfer firm compani provid meet criteria membership full member member clear member icch regist contract icch return fee guarante perform contract 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 full member transact free commiss commiss charg transact member member member rate commiss freeli negoti exempt oblig full member charg commiss explain ownership market varieti extra cost categori member bear ownership market 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 sugar figur show rel size lsfm compar import competitor futur market sugar pari york annual volum trade lot trade gt tabl gt ii legal assess notifi rule regul lsfm consid agreement mean articl eec treati rule regul origin notifi minimum net rate commiss charg member committe power suspend expel offend member minimum commiss rate vari pai receiv commiss rate cheaper clear client contract regist client icch case clear client member payer member full member deal free commiss full member deal oversea affili associ member member past charg minimum rate commiss associ member deal directli pass busi full member affili member past pai minimum rate commiss full affili member associ member dealt account member past charg member rate commiss commiss consid system minimum commiss rate form price fix violat articl eec treati lsfm request abandon system fix minimum rate system abolish refer system rule regul delet rule provid busi conclud floor market full member transact free commiss commiss charg transact member member member commiss believ oblig appreci restrict competit entail oblig charg commiss refer rate complet freedom exist negoti commiss rate result represent commiss amend made rule membership made clear face articl membership open criteria applic membership judg object fact eighth 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 sugar futur market notifi articl decis address london sugar futur market limit regist offic cereal hous mark lane london ec unit kingdom brussel decemb commiss peter sutherland member commiss oj oj