Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p115
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 115/148)
Character Range: 620731–623448

to securities, and:
 (a) is or has at any time been a sale or purchase, by a participant (the first dealer) of a participating market licensee, of securities, if the securities are quoted on a financial market of a participating market licensee when the agreement for the sale or purchase is made, and:
 (i) in any case—the participating market licensee's operating rules, as in force when the agreement for the sale or purchase is made, require or permit the first dealer to report the sale or purchase to the participating market licensee; or
 (ii) if the sale or purchase is to or from, as the case may be, a participant (the second dealer) of a participating market licensee—the last‑mentioned participating market licensee's operating rules, as in force when the agreement for the sale or purchase is made, require or permit the second dealer to report to the last‑mentioned participating market licensee the purchase or sale of the securities by the second dealer from or to, as the case may be, the first dealer; or
 (b) is an agreement to buy or sell securities, because of the exercise of an option contract over securities, if:
 (i) the option contract was entered into on the financial market of a participating market licensee; and
 (ii) the agreement is required or permitted, by the operating rules of ACH or the participating market licensee, to be reported to the participating market licensee.
sale and purchase of securities has the meaning given by regulation 7.5.06.
securities business has the meaning given by regulations 7.5.07 and 7.5.08.
security has the meaning given by regulation 7.5.09.
transfer of securities has the meaning given by regulation 7.5.10.
transferor has the meaning given by paragraph 7.5.53(4)(b).
transferred securities has the meaning given by paragraph 7.5.53(4)(c).
unauthorised execution has the meaning given by paragraph 7.5.53(4)(a).

7.5.01A  Modification of Act: compensation regimes
  For subsection 893A(1) of the Act, Part 7.5 of the Act is modified in relation to a licensed market as set out in Schedule 8C.

7.5.02  Meaning of becoming insolvent
 (1) A body corporate becomes insolvent at a particular time if, and only if, at that time:
 (a) an administrator of the body corporate is appointed under section 436A, 436B or 436C; or
 (b) the body corporate commences to be wound up or ceases to carry on business; or
 (c) a receiver, or a receiver and manager, of property of the body corporate is appointed, whether by a court or otherwise; or
 (d) the body corporate enters into a compromise or arrangement with its creditors or a class of them.
 (2) A natural person becomes insolvent at a particular time if, and only if, at that time:
 (a) a creditor's