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Clearing member firms are responsible for exercising due diligence as to the bona fide nature of EFRP transactions submitted on behalf of customers. Each such transaction shall be submitted to the Clearing House within the time period and in the manner specified by the Exchange. Identification and Submission to the Clearing HouseĮach EFRP transaction shall be designated as such and shall be cleared through the Clearing House. LEGACY EXCHANGE RULE 538 EXCHANGE FOR RELATED POSITIONS The Exchange shall promptly publish such information separately from the reports of transactions in the regular market. The report must include the contract, contract month, price, quantity of the transaction, the respective clearing members, the time of execution, and, for options, strike price, put or call and expiration month. The seller must ensure that each block trade is reported to the Exchange within five minutes of the time of execution. The following shall govern block trades:į. The Exchange shall designate the products in which block trades shall be permitted and determine the minimum quantity thresholds for such transactions.