Document ID: chunk:federal_register_of_legislation:F2024C01108:reg:6:p1
Version: federal_register_of_legislation:F2024C01108
Segment Type: reg
Provision Reference: reg 6 (pt 1/8)
Character Range: 248299–250964

6     Price                   The price per CGS Depository Interest of the Order. The price entered should be price per $100 nominal, inclusive of interest.

6.1.5 Partly Disclosed Orders
(1) In these Rules, Partly Disclosed Order means an Order on an Order Book in relation to which:
(a)        the operating rules of the relevant Market or CGS Market (as applicable) require the Pre-Trade Information referred to in the table in Rule 6.1.4 (in the case of Equity Market Products) or Rule 6.1.4A (in the case of CGS Depository Interests) to be made available, with the exception of:
(i)         item 4 (volume) but not item 6 (price); or
(ii)       item 6 (price) but not item 4 (volume); and
(b)       the consideration for the Order is greater than $0.
(2) For the purposes of subrule (1), a Partly Disclosed Order includes an Order on an Order Book which the operating rules of the relevant Market or CGS Market (as applicable):
(a)        require to be of a minimum volume or value; and
(b)       permit to be divided into separate parts so that part of the Order is Disclosed and part of the Order is Hidden, until such time as the part of the Order that is Disclosed is executed, following which the Hidden parts of the Order (or the residual amount of the Order if less than the minimum volume or value) are in turn Disclosed until the total Order has been executed.

6.1.6 Application to partly filled Orders
Where an exception referred to in subrule 6.1.1(2) or 6.1.2(2) applies to an Order and that Order is executed in part, the exception ceases to apply unless the remainder of the Order would have been entitled to the exception if it were a separate Order.

6.1.7 Priority for Disclosed Orders and Partly Disclosed Orders
An Operator must not permit a Hidden Order in a Relevant Product on an Order Book of its market to have Time Priority over a Disclosed Order or Partly Disclosed Order on the same Order Book, where the Disclosed Order or Partly Disclosed Order is an Order to buy or sell the same class of Relevant Products, at the same price, as the Hidden Order.

6.1.8 Dealings to which this Part does not apply
For the avoidance of doubt, this Part does not apply to transactions arising from:
(a)        the terms of a Relevant Product, including a redemption;
(b)       primary market actions, including an issue or allotment of, or an application or subscription for, a Relevant Product;
(c)        acceptance of an offer under a Takeover Off-Market Bid; and
(d)       the delivery of a Relevant Product under a securities lending arrangement.

Part 6.2 Pre-Trade Information—Exceptions

6.2.1AA Application of Part

(1) This Part applies