When a company announces a corporate action the handling of which is deemed complex by TASE, TASE is able to convene a special sub-committee of the Derivative (MAOF) Clearing House Board of Directors.
This special sub-committee (the "adjustment committee") can decide whether or not / how adjustments will be made to the option's specifications as a result of the corporate action. The decision will take into account, among other factors, TASE's duty to maintain fair and orderly trade
