4.1.22 Emergencies

Past version: Effective from 26 Apr 2013 to 13 Nov 2016

(1) If, in the opinion of the Exchange, any Emergency or circumstances calling for emergency action in the interests of maintaining a fair, orderly and transparent market or due performance of a Contract has developed or is developing, the Exchange may take such steps as it sees fit to provide for, correct or check the further development of those circumstances. These steps include the curtailment of trading in any Contract, revocation or suspension of access to QUEST, suspension of trading in a Market, deferment of delivery under any deliverable Futures Contract, designation of alternate delivery points or the modification of Contract Specifications.
(2) Without prejudice to the generality of Chapter 1, the Exchange shall not be liable to any Trading Member or any other Person in respect of any damage, loss, cost or expense of whatsoever nature (whether direct, indirect, special or consequential, including without limitation any loss of business, revenue, goodwill, bargain or profit), suffered or incurred by such Trading Member or other Person, arising out of or in connection with the exercise or non-exercise by the Exchange of its powers under Rule 4.1.22 or the determination by the Exchange of the satisfaction or non-satisfaction of any condition for the exercise of such powers.

Amended on 26 April 201326 April 2013.