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Presently, the Commissions imagine that this simplification won't make a big influence on the final checklist drawn from the intersection of the highest 750 and Top 675. For functions of figuring out whether or not the greenback value of the lowest weighted 25% of a particular index exceeds the $50 million (or $30 million) threshold established by the definition of narrow-primarily based security index, the Commissions imagine that small variations in the derived ADTV for component securities are not important. 2. Comment Letters A lot of the commenters who addressed the subject of indexes traded on or topic to the foundations of a foreign board of trade didn't appear to object to the proposed rule, however centered their feedback on the question of a further rule to create totally different requirements for indexes traded on or topic to the foundations of a international board of trade that will broaden the types of indexes that could be thought of broad-primarily based indexes.114 One commenter maintained that the general public interest requires the Commissions to move ahead and grant relief with respect to foreign security index contracts promptly.One hundred fifteen Commenters in favor of a distinct and more expansive standard for when a security index future traded on or subject to the foundations of a international board of commerce is broad-based made numerous arguments in help of their view.
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