Document ID: chunk:federal_register_of_legislation:C2025C00044:section:35
Version: federal_register_of_legislation:C2025C00044
Segment Type: section
Provision Reference: s 35
Character Range: 107142–108646

35                          issuing or selling a security or derivative to a person, where:                                                                                                                                                                                                                                                                                                             the person
                            (a) the issue or sale is in the course of carrying on a business of issuing or selling securities or derivatives; and
                            (b) in the case of an issue of a security or derivative—the issue does not consist of the issue by a company of either of the following:
                            (i) a security of the company (other than an interest in a managed investment scheme); or
                            (ii) an option to acquire a security of the company (other than an option to acquire an interest in a managed investment scheme); and
                            (ba) in the case of an issue of a security or derivative—the issue does not consist of the issue by a government body of a security of the government body or of an option to acquire a security of the government body; and
                            (c) in the case of an issue of a security or derivative—the issue is not an exempt financial market operator issue; and
                            (d) such other conditions (if any) as are set out in the AML/CTF Rules are satisfied