Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_761a:p6
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 761A (pt 6/7)
Character Range: 18818–21654

written procedures under regulations made for the purposes of subsection 793A(2); or
 (iv) compensation rules within the meaning of Part 7.5.

participant:
 (a) in relation to a clearing and settlement facility, means a person who is allowed to directly participate in the facility under the facility's operating rules and, when used in any of the following provisions, also includes a recognised affiliate in relation to the facility:
 (i) paragraph 821B(2)(b);
 (ii) section 822B;
 (iii) subsection 915F(2);
 (iv) any other provisions prescribed by regulations made for the purposes of this subparagraph; and
 (b) in relation to a financial market, means a person who is allowed to directly participate in the market under the market's operating rules and, when used in any of the following provisions, also includes a recognised affiliate in relation to the market:
 (i) paragraph 792B(2)(b);
 (ii) section 793B;
 (iii) section 883A;
 (iv) subsection 915F(2);
 (v) paragraphs 923B(3)(a) and (b);
 (vi) any other provisions prescribed by regulations made for the purposes of this subparagraph.

person has a meaning affected by section 761F (which deals with partnerships) and section 761FA (which deals with multiple trustees).

personal advice has the meaning given by subsection 766B(3).

prescribed CS facility means a licensed CS facility that is prescribed by regulations made for the purposes of this definition.

Product Disclosure Statement means a Product Disclosure Statement:
 (a) required by section 1012A, 1012B, 1012C or 1012I to be given in accordance with Division 2 of Part 7.9; or
 (b) that section 1012H requires an issuer of a financial product to take reasonable steps to ensure is given to a new group member in accordance with Division 2 of Part 7.9.

provide, in relation to a financial product, has a meaning affected by section 761E.

recognised affiliate, in relation to a clearing and settlement facility or a financial market, means a person who is:
 (a) recognised by the operating rules of the facility or market as a suitably qualified affiliate of the facility or market; and
 (b) involved in the carrying on of a financial services business (including as an employee, director or in some other capacity).

relevant personal circumstances, in relation to advice provided or to be provided to a person in relation to a matter, are such of the person's objectives, financial situation and needs as would reasonably be considered to be relevant to the advice.

retail client has the meaning given by section 761G.

risk insurance product means a financial product described in paragraph 764A(1)(d) or (e).

RSA product means a financial product described in paragraph 764A(1)(h).

security means:
 (a) a share in a body; or
 (b) a debenture of a body; or
 (c) a legal or equitable right or interest in a