Corporations Amendment Regulations 2003 (No. 7) (202 of 2003)
Schedule 1 Amendments commencing on gazettal
[13] After subregulation 7.8.21 (2)
insert
(3) For subsection 991F (3) of the Act, a body corporate may act as the agent of a person who is an employee of a financial services licensee that is a participant in a licensed market and is so employed in connection with a business of dealing in financial products, in respect of an acquisition mentioned in that subsection, if:
(a) the body corporate holds an Australian financial services licence; and
(b) the body corporate is a participant in the same licensed market as the licensee; and
(c) the employer has given consent in writing to the particular acquisition before the acquisition takes place; and
(d) the employee gives the employer a copy of the confirmation of the transaction.
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