Others might have even higher exposure if IRS rules didn't force them to carry these stocks below their weighting by market capitalization.

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The European Parliament was due to vote on new rules to limit exposure to powerful electromagnetic fields earlier this year.

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Ms Cooper adds that because New Zealanders are geographically remote and have little exposure to mass labels, like Gucci and the Gap, designers ignore the rules.

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And if the organization has the money to bring in consultant automata, these are seldom given enough time or exposure to the game in play to be able to properly reflect upon the rules, let alone facilitate the required second order change.

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"We do not want to create and impose arbitrary or unenforceable rules, or worse, inch our event towards a Talibanesque ban on exposure of skin, " she told the BBC.

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The new Basel rules are rightly designed to ensure bank capital and liquidity structures better reflect risks and reduce the systemic exposure for taxpayers.

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