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Key compliance notices

The LME has published the key member notices that contain detailed rules in relation to regulatory and compliance matters. These notices should be considered in conjunction with the LME rulebook.

The full database of member notices is available online via Lexis Nexis.

Lending guidance

Ref Title
11/293 : A286: R008 Explanation of Metal Lending Guidance
10/170 : A165 : R006 Explanation Of Metal Lending Guidance
08/034 Suspension of Five-Day Rule
05/377 Lending Guidance for Metals
98/363 Market Aberrations: The Way Forward
[October 1998] Market Aberrations: The Way Forward

Reporting and publication of information

Ref Title
10/240 : R233 Member Indicative Quotes - Confirmation
09/231 : R004 Daily Position and Other Reporting
04/087 Obligation to Input Prices into MDS
01/122 Concentration of Warrant Holdings
99/324 LME Vendor Feed System – Indicative Quotes
99/272 The Futures Banding Report and Warrant Holdings, Tom and Cash (WTC) Report
99/075 Publication of Large Futures Positions
99/064 Concentration of Warrant Holdings
98/447 Disclosure of Information on Concentration of Warrant Holdings
98/090 Reporting of Open Interest on the LME

Access to OTC Information

Ref Title
 99/256 Access to Over the Counter (OTC) Information Impacting the Official Markets

Trading, matching, registration and clearing

RefTitle
12/179 : A180 LME Traded Options Declaration Process
12/155: A156 LMEswaps
11/269 : R008 Consolidated Matching Rules for LMEsmart 2011
09/397 : A389 Matching Performance
09/081 Matching Performance
07/270 Matching Performance
07/068 Matching Performance
06/067 Revised Guidance on the Structure of and Order Execution on the London Metal Exchange
03/304 Omnibus Accounts and LME Clients
[July 2003] Guidance: Client Trading on the LME
00/385 Rules on Introducing Brokers
00/383 Rules for LME Give-Up Agreements
99/586 Guidance on Notice 99/486 Requirements to Distinguish LME contracts from OTC Contracts
99/484 Rules on Historical/Original Price Carries/NMPTs
99/486 Requirements to Distinguish LME Contracts from OTC Contracts
97/321 Non-Market Price Transactions - Standard Risk Disclosure
97/128 Automatic Declaration of Certain In-the-Money Options

Options strike price gradations

Ref Title
 08/387 LME Traded Options Volatilities
 08/199 Amended Options Strike Price Gradations

Financial Rules

Ref Title
 99/485  Financial Rules
 94/436 Net Worth Requirement

Ring Disciplinary Code

Ref Title
07/185 Ring Disciplinary Code

Access to Audio and Video Tapes

RefTitle
 97/432 Access to Audio and Video Tapes

LMEselect

Ref Title
11/107 : A103 Implementation of Throttling Policy on LMEselect
11/106 : A102 Amendment to LMEselect Order to Trade Ratio Policy
10/300 : A294 Amendment to LMEselect Order to Trade Ratio Policy
09/352 : A344 Distribution of LMEselect Data
08/444 Increase to the LME Select Order to Trade Policy Ratio
08/047 New LME Select Error Trade Policy
06/324 Order to Trade Ratio Charging Policy

LMEsword

Ref Title
10/131 : A126 LMEsword – Operating Procedures
LMEsword Operating Procedures

Warehousing

Ref Title
11/334 : A326 : W173 Information Barriers Between Warehouse Companies and Trading Companies
10/082 Rent Payment March 2010
98/362 Relationship Between Members and Warehouse Companies
96/019 LME Warehousing Procedures

Complaints procedures

Ref Title
 04/258 LME Complaints Officer
 01/492 LME Complaints Procedure