Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_1020b:p3
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 1020B (pt 3/3)
Character Range: 644794–645798

making the request, inform the licensee that the sale is a short sale.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).

 (6) If:
 (a) a person who, through a licensed market, makes a sale of section 1020B products (whether or not on the person's own behalf); and
 (b) the sale would contravene subsection (2) but for paragraph (4)(d);
the person must endorse a statement that the sale was a short sale on any document evidencing the sale that is given to the person who buys the products (whether or not on that person's own behalf).

Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).

 (7) For the purposes of this section, a person who:
 (a) purports to sell section 1020B products; or
 (b) offers to sell section 1020B products; or
 (c) holds himself, herself or itself out as entitled to sell section 1020B products; or
 (d) instructs a financial services licensee to sell section 1020B products;
is taken to sell the products.