14.1.3 Transitional Period

For the purposes of Rule 14.1.2, "Transitional Period" means the period commencing on 3 April 2013 and:—

(1) in relation to all rule amendments except the definition of Base Capital, till 2 April 2015; or
(2) ending on such date, before the expiry date stated in Rule 14.1.3(1), specified in a written notice to CDP informing CDP of the Transitional Clearing Member's intention to adopt the requirements pursuant to Rule 14.1.4,

whichever is the earlier.

Added on 29 December 201429 December 2014.