Exchange Rules
BSP Rules Exchange Rules v3.0
BSP Rules Exchange Rules v3.0
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EXCHANGE RULES<br />
v3.0<br />
representatives of the Members Chamber in the <strong>Exchange</strong> Council in the following<br />
order: first for the Chairman of the Members Chamber, second for the<br />
Vice-Chairman of the Members Chamber and third for the representatives of the<br />
Members Chamber in the <strong>Exchange</strong> Council.<br />
(12) A vote cast in taking a decision on a motion shall be deemed as valid if it is<br />
clearly either in favour or against the motion. In case of a tie vote, the<br />
Chairperson shall cast the deciding vote.<br />
(13) Resolutions by Members Chamber shall be passed:<br />
a) primarily by a simple majority of the valid votes cast of <strong>Exchange</strong> Council<br />
members, if more than two thirds of members of <strong>Exchange</strong> Council are in<br />
attendance in accordance with the provision of paragraph (5) above and the<br />
resolution passed was not overturned in accordance with the provision of line<br />
c) of this paragraph below, or, if either the motion was rejected or the quorum<br />
was not met,<br />
b) secondarily by a simple majority of the valid votes cast of Members Chamber<br />
members, if Members Chamber members holding more than half of the votes<br />
of all Members Chamber members are in attendance in accordance with the<br />
provision of paragraph (5) above.<br />
c) If either<br />
i) at simultaneous meetings of Members Chamber and <strong>Exchange</strong> Council<br />
members of the Members Chamber holding more than half of the votes of<br />
all Members Chamber members are in attendance in accordance with the<br />
provision of paragraph (5) above or<br />
ii) the meeting of the <strong>Exchange</strong> Council was held without holding a<br />
simultaneous meeting of the Members Chamber,<br />
BSP Energy <strong>Exchange</strong> LL C Copyright 2019 All rights reserved<br />
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