§ 20 — What is minimum stockholding requirement or MSR

20. An entity that is subject to a minimum stockholding requirement in relation to an MSR product must —(a)

hold each day, at least the quantity of stocks of the MSR product designated for the entity for the day (called the daily MSR); and

(b)

hold, for each relevant period, at least the average quantity of stocks of the MSR product designated for the entity for the relevant period (called the average MSR).