Document ID: chunk:federal_register_of_legislation:F2024C01108:reg:6:p2
Version: federal_register_of_legislation:F2024C01108
Segment Type: reg
Provision Reference: reg 6 (pt 2/8)
Character Range: 250676–253524

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 to:
(a)        the operator of a Market on or through which offers to acquire or dispose of Equity Market Products are made or accepted;
(b)       Participants of the Markets referred to in paragraph (a);
(c)        the operator of a CGS Market;
(d)       CGS Market Participants; and
(e)        Orders and transactions in Equity Market Products and CGS Depository Interests.

(2) In this Part:
(a)        Operator means any of the operators referred to in subparagraph 1(a) and (c);
(b)       Relevant Participant means a participant referred to in subparagraph 1(b) or (d); and
(c)        Relevant Products means Equity Market Products and CGS Depository Interests.

6.2.1 Exception—Block Trades

(1) In these Rules, Block Trade means a transaction where:
(a)        if the transaction is entered into other than by matching of Orders on an Order Book, the Relevant Participant acts:
(i)         on behalf of a buying or selling client on one side of that transaction and on behalf of one or more clients on the other side;
(ii)       on behalf of one or more buying or selling clients on one side of that transaction and as Principal on the other side; or
(iii)     on behalf of a buying or selling client (first client) on one side of that transaction and on the other side on behalf of one or more clients and as Principal in the circumstances set out in paragraph (d);
(b)       the Relevant Product is issued by the same issuer, in the same class, with the same paid-up value;
(c)        the consideration for the transaction is not less than:
(i)         $1,000,000 or more for Tier 1 Equity Market Products;
(ii)       $500,000 or more for Tier 2 Equity Market Products;
(iii)     $200,000 or more for Tier 3 Equity Market Products; and
(iv)      $200,000 or more for CGS Depository Interests; and
        (d)       if subparagraph (1)(a)(iii) applies—the consideration for the transaction that is payable by or to:
(i)         the first client; and
(ii)       all of the clients on the other side of the transaction in aggregate,

        is not less than the relevant consideration threshold in paragraph (c).
(2) For the purposes of paragraph (1)(b), Relevant Products that differ only in relation to the amount of dividend or distribution payable are in the same class.
(3) For the purposes of paragraph (1)(c):
(a)        Tier 1 Equity Market Products means those Equity Market Products determined by ASIC under these Rules and in accordance with subrule (4);
(b)       Tier 2 Equity Market Products means those Equity Market Products determined