London-based exchange has specified fines for various serious trading breaches
The London Metal Exchange, which has
introduced in the past year an aggressive modernisation
programme, has taken the unprecedented step of detailing the
fines it will impose on members in the event of a rule
The market, owned by Hong Kong Exchanges
and Clearing, published on Wednesday "Guidance for members on
indicative financial penalties" and detailed the indicative
fines it will impose on members if they break some of its many
The LME said: "Pursuant to Regulations
11.23-11.25 of Part 2 of the LME rules, this Notice sets out
indicative financial penalties for members to be attached to
certain offences covered by the LME rules."
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