(1)

In this regulation and in regulation 1.2.08:

"deal", in relation to share ratio contracts, has the meaning that it has under section 9 of the Act as if the contracts were securities.

(2)

The holder of a dealers licence may deal in a share ratio contract on behalf of another person only if:

(a)

the holder:

(i)

is a member of the Exchange; or

(ii)

holds a futures brokers licence; or

(b)

ASIC approves, in writing, the holder to deal in those contracts; or

(c)

subject to regulation 1.2.09, regulation 8.3.02 applies to the dealing in the contract.

Note
The terms dealers licence and futures brokers licence are defined in section 9 of the Act.