Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1010c
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1010C
Character Range: 4256780–4257459

1010C  Meaning of offer, purchase and sale—Part 7.9
 (1) For the purposes of this Part, a reference to a sale or purchase of a financial product is a reference to a sale of the product by, or a purchase of the product from, a person who has (whether by issue or otherwise) acquired the product. The issue of a financial product is not a sale of the financial product.
 (2) For the purposes of this Part:
 (a) a reference to offer to issue a financial product includes a reference to invite an application for the issue of the financial product; and
 (b) a reference to offer to sell a financial product includes a reference to invite an offer to purchase the financial product.