commiss decis decemb relat proceed articl eec treati iv coffe termin market associ london 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 coffe termin market associ london rule regul associ regard summari notif publish pursuant articl regul consult advisori committe restrict practic domin posit factsth coffe termin market associ london ctmal 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 ctmal set administ termin market london coffe 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 ctmal 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 coffe market tonn multipl tonn sound robusta ctmal standard qualiti defin detail section rule ctmal store warehous nomin ctmal contract trade london coffe termin market regist intern commod clear hous limit icch independ servic compani clear settlement facil ctmal icch substanti capit reserv wholli own clear bank princip function icch maintain organ daili clear trade provid guarante due fulfil contract accord rule ctmal clear member name contract regist number floor member ctmal categori member permit trade floor market limit number increas associ gener meet class membership home associ member oversea associ member number unlimit associ member attend vote gener meet ctmal applic membership nation satisfi minimum capit requir laid time time committe manag carri busi coffe trade prior membership period time laid time time committe applic floor membership trade offic london establish purpos detail statement criteria membership forc time obtain associ applic membership transfer firm compani provid meet criteria membership floor 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 floor member transact free commiss commiss charg transact member member member rate commiss freeli negoti exempt oblig floor member charg commiss explain ownership market varieti extra cost categori member bear ownership market provis made addit commiss equal origin commiss charg sale coffe 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 coffe figur show rel size ctmal compar import competitor futur market coffe pari york annual volum trade lot trade year london york pari lot london tonn lot york lb tonn lot pari tonn ii legal assess notifi rule regul ctmal 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 contract regist client oppos clear client rate cheaper contract regist client icch home associ member oversea associ payer member rate lower floor member payer floor member deal free commiss deal hous associ oversea associ member member past charg minimum rate commiss floor member unabl time oper floor place busi wish transact floor member pai minimum rate commiss laid regul home associ oversea associ member deal stipul minimum rate commiss commiss consid system minimum commiss rate form price fix violat articl eec treati ctmal request abandon system fix minimum rate system abolish refer system rule regul delet rule provid busi conclud floor market floor 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 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 coffe termin associ london notifi articl decis address coffe termin market associ london limit regist offic cereal hous mark lane london ec unit kingdom brussel decemb commiss peter sutherland member commiss oj oj