CORPORATIONS REGULATIONS 2001 2001 No. 193 - REG 8.4.03A Which futures broker to comply with subsection 1207 (1) of the Act in relation to certain transactions

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CORPORATIONS REGULATIONS 2001 2001 No. 193 - REG 8.4.03A

Which futures broker to comply with subsection 1207 (1) of the Act in relation to certain transactions

(1): This regulation applies in relation to a transaction described in paragraph 1207 (1) (b) of the Act if, on behalf of the client who acquired the futures contract, more than one futures broker entered into the transaction.

(2): If the person has instructed a broker to allocate a dealing in the transaction to another broker, subsection 1207 (1) of the Act does not apply, except to the broker who last deals in the transaction.
(3): In circumstances other than those described in subregulation (2), subsection 1207 (1) of the Act does not apply, except to the broker whom the client has instructed to enter the transaction.

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