Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_1043c
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 1043C
Character Range: 712676–713965

1043C  Exception for underwriters

 (1) Subsection 1043A(1) does not apply in respect of:
 (a) applying for or acquiring securities or managed investment products under an underwriting agreement or a sub‑underwriting agreement; or
 (b) entering into an agreement referred to in paragraph (a); or
 (c) disposing of securities or managed investment products acquired under an agreement referred to in paragraph (a).

 (2) Subsection 1043A(2) does not apply in respect of:
 (a) the communication of information in relation to securities or managed investment products to a person solely for the purpose of procuring the person to enter into an underwriting agreement in relation to any such securities or managed investment products; or
 (b) the communication of information in relation to securities or managed investment products by a person who may be required under an underwriting agreement to apply for or acquire any such securities or managed investment products if the communication is made to another person solely for the purpose of procuring the other person to do either or both of the following:
 (i) enter into a sub‑underwriting agreement in relation to any such securities or managed investment products;
 (ii) apply for any such securities or managed investment products.