Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1020aaa
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1020AAA
Character Range: 4454650–4455781

1020AAA  Treatment of transactions relating to section 1020B products
 (1) For the purposes of this Division, treat the following as being made on a licensed market:
 (a) a sale of section 1020B products made by a financial services licensee on behalf of both the buyer and the seller of the products;
 (b) a sale of section 1020B products made by a financial services licensee on behalf of the buyer of the products and on its own behalf as seller of the products;
 (c) a sale of section 1020B products made by a financial services licensee on behalf of the seller of the products and on its own behalf as buyer of the products.
 (2) To avoid doubt, for the purposes of this Division, treat the entering into of an agreement to sell section 1020B products as the sale of the products.
 (3) To avoid doubt, for the purposes of this Division, treat a financial services licensee as making a sale on behalf of a person if the sale is, in economic substance, made by the licensee for the person.
Example: A request that the sale be made is passed from the person to the financial services licensee through a chain of intermediaries.