Corporations Amendment Regulations 2003 (No. 8) (282 of 2003)

Schedule 1   Amendments commencing on gazettal

[9]   After subregulation 7.8.21 (3)

insert

(4) For subsection 991F (3) of the Act, a person who is:

(a) an employee of a financial services licensee that is a participant in a licensed market; and

(b) employed in connection with a business of dealing in financial products;

may, on the person's own behalf, acquire, or agree to acquire, a financial product that is able to be traded on that licensed market, without the licensee's acting as an agent in respect of the transaction, if the person's employment is not directly connected with the licensee's business of dealing in financial products on that licensed market.