Rules 2.5.5, 2.5.7, 3.3.32, 7.3.6 and 8.1 (as amended on and in force from 29 December 2014), except for the definition of Base Capital, shall not apply to a Transitional Trading Member during the Transitional Period, and the aforesaid Rules as in force immediately before 29 December 2014 shall continue to apply to a Transitional Trading Member during the Transitional Period. A reference to any provision of the Financial and Margin Regulations in the aforesaid Rules as in force immediately before 29 December 2014 is to that provision in the Financial and Margin Regulations as in force immediately before 3 April 2013. For avoidance of doubt, the definition of Base Capital applicable to a Transitional Trading Member has the same meaning ascribed in the SFR(Financial and Margin Requirements) as in force on 3 April 2013.

Added on 29 December 201429 December 2014.