Corporations Amendment Regulations 2004 (No. 2) (25 of 2004)

Schedule 1   Amendments

[5]   After paragraph 7.6.01 (1) (m)

insert

(ma) the financial service is dealing in a financial product by a person ( person 1 ) in the following circumstances:

(i) the financial product is a derivative that is issued, acquired or disposed of under an agreement that sets out the terms and conditions for future dealing in a derivative between the 2 parties to the agreement;

(ii) the other party to the agreement:

(A) is a wholesale client in this jurisdiction; and

(B) initiated the agreement; and

(C) holds an Australian Financial Services Licence which permits it to make a market or to deal in the financial product;

(iii) person 1 is not in this jurisdiction;

(iv) each party is dealing in the financial product on its own behalf.