The order of precedence of the following instruments applicable to the Clearing House and Clearing Members shall be (in descending order of precedence):
1.04.3.1 legislation;
1.04.3.2 this Rules;
1.04.3.3 Directives;
1.04.3.4 Circulars;
1.04.3.5 terms and conditions governing the operations, facilities and services provided by the Clearing House;
1.04.3.6 Practice Notes.
Added on 27 March 200627 March 2006 and amended on 26 April 201326 April 2013.