commiss decis decemb relat proceed articl eec treati iv london potato futur 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 spain portug articl thereof regard notif applic neg clearanc submit septemb relat articl associ regul london potato futur associ limit regard summari notif publish pursuant articl regul consult advisori committe restrict practic domin posit fact london potato futur associ limit lpfal 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 increasingli supervis member associ futur broker dealer limit afbd object lpfal set administ termin market london potato 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 lpfal 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 lpfal compar import competitor shown annual volum trade tonn trade potato year london york pari lill data relat tonn contract mention tonn contract start trade februari lot lb lot tonn contract trade lpfal potato contract lot tonn potato close bag varieti qualiti condit detail rule rule lpfal deliveri store regist lpfal nomin seller mainland great britain cash settlement contract lot tonn potato type form basi potato market board weekli averag farm price defin detail rule rule lpfal provis physic deliveri contract remain open close trade dai trade settl cash formul set rule rule lpfal trade rule provid deliveri month februari april novemb year case potato subject cash settlement deliveri month juli august septemb year contract trade lpfal regist intern commod clear hous limit icch independ servic compani clear settlement facil lpfal icch substanti capit reserv wholli own clear bank princip function icch maintain organ daili clear trade provid guarante due fulfil contract accord rule lpfal clear member name contract regist class membership lpfal class consist vote member floor member allow trade floor market articl provid number floor member propos regist associ number increas number floor member limit class member consist vote member associ member number limit vote member pass contract floor member criteria articl floor member requir applic membership meet financi requir detail statement criteria forc time applic obtain secretari floor member applic satisfi committe activ interest trade potato carri busi properli establish offic london firm compani princip place busi member countri eec elig floor membership floor member member icch regist contract icch return fee guarante perform contract categori associ member trade associ member consist compani firm continu interest product trade consumpt physic potato gener associ member consist compani firm continu trade interest lpfal floor membership transfer provid transfere elect accord articl associ membership transfer provid propos transfere elect accord regul committe requir give reason take decis affect member right membership appeal procedur appli committe refus applic membership refus grant permiss transfer membership refus approv chang directorship partnership natur busi legal statu benefici ownership member procedur appli committe suspend member dai refus reinstat member expel member otherwies determin membership ceas 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 floor member place busi unit kingdom 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 unit kingdom author person exempt person member lpfal 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 provid commiss charg member transact effect parti parti member rate commiss freeli negoti member adopt posit adjac trade month straddl execut commiss provid posit close simultan ii legal assess notifi regul lpfal consid agreement mean articl eec treati articl regul lpfal account represent made 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 charg member regul rate commiss vari client contract clear clear hous floor member rate lowest floor member disclos contract clear clear hous rate higher associ member higher member case rate higher contract clear floor member clear clear hous contract open close dai broker half rate commiss charg regul provid minimum commiss subject deduct form whatsoev arrang effect intend effect directli indirectli deduct minimum commiss rate deem violat regul committe power examin suspect infring offend member expel committe commiss consid system minimum commiss rate form price fix violat articl eec treati lpfal request abandon system fix minimum rate system abolish refer system regul delet regul simpli provid commiss charg member transact effect parti parti member rate commiss freeli negoti commiss believ oblig appreci restrict competit entail oblig charg commiss refer commiss charg complet freedom exist negoti actual commiss rate 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 regul lpfal 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 articl associ regul london potato futur associ notifi septemb articl decis address london potato futur associ limit 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