the first-mentioned dealer may make a claim in respect of the purchase.

(1A) A dealer may make a single claim under this section in respect of 2 or more purchases. (1B) A claim made under subsection (1A) is to be treated for the purposes of subsection (2) as if it consisted of a separate claim in respect of each of the purchases to which it relates. (2) Where a dealer makes a claim in respect of a purchase of securities by the claimant from another dealer and the Board is satisfied that:

(a)

subsection (1) entitles the claimant to make the claim; and

(b)

the claimant has:

(i)

for the purposes of the claim, paid to SEGC; or

(ii)

under the agreement for the purchase, paid to the other dealer;

the amount of the consideration for the purchase; and

(ba)

if a transfer of the securities pursuant to the purchase would be an SCH-regulated transfer—the other dealer has not done all things that that dealer is required to do under the SCH business rules to effect a transfer of the securities pursuant to the purchase; and

(c)

if paragraph (ba) does not apply—settlement documents in relation to the purchase have not been supplied to the claimant under the agreement for the purchase; and

(d)

the agreement has not been discharged or otherwise terminated;