Where:

(a)

SEGC:

(i)

allows under subsection 950(2) a claim in respect of a purchase of securities by the claimant from a dealer; or

(ii)

allows under subsection 952(3) a claim in respect of a purchase of securities by a dealer on behalf of the claimant; and

(aa)

a transfer of the securities pursuant to the purchase would not be an SCH-regulated transfer; and

(b)

it is not reasonably practicable for SEGC to obtain from the dealer, before the end of:

(i)

if the business rules of a participating exchange of which the dealer is a member organisation, being those business rules as in force when the Board allows the claim, prescribe a period, for the purposes of this section, in relation to a class of claims that includes the claim—that period; or

(ii)

otherwise—such period as the Board, having regard to all the circumstances relating to the claim, considers reasonable;

settlement documents in relation to the purchase; and

(c)

because:

(i)

whether by reason that dealing in those securities is suspended or for any other reason, there exists at no time during that period an orderly market in those securities; or

(ii)

the total number of those securities offered for sale on stock markets of participating exchanges or Exchange subsidiaries at times during that period when there exists an orderly market in those securities is insufficient; and

it is not reasonably practicable for SEGC to obtain before the end of that period, otherwise than from the dealer, settlement documents in relation to the purchase;