EFTA Document EFTA01353524

expiration. Implied volatility index values will be affected by any factor that affects the component options series of the index. including, among other things. applicable laws. regulations and trading rules, the market-making and order processing systems of the markets on which the options are traded, and the liquidity and efficiency of those markets. 8. The first and second sentences of the ninth paragraph under the heading 'Variability Indexes," which is part of the discussion that