Document ID: chunk:federal_register_of_legislation:F2024C01108:front:0:p16
Version: federal_register_of_legislation:F2024C01108
Segment Type: other
Provision Reference: 
Character Range: 43988–46946

but does not include Options Market Contracts or, in relation to a Market, Securities determined to be Equity Securities by the operator of the Market where those financial products are able to be traded in accordance with the operating rules of the Market.

Managed Discretionary Account means a service with the following features:
 1.         a person makes client contributions;
(b)       the client agrees with the Market Participant that the client's portfolio assets will:
 1.          be managed by the Market Participant at its discretion, subject to any limitation that may be agreed, for purposes that include investment;
(ii)       not be pooled with property that is not the client's portfolio assets to enable an investment to be made or made on more favourable terms; and
(iii)     be held by the client unless a beneficial interest but not a legal interest in them will be held by the client; and
(c)        the client and the Market Participant intend that the Market Participant will use client contributions of the client to generate a financial return or other benefit from the Market Participant's investment expertise.
Managed Fund means:
(a)        a managed investment scheme which is a registered managed investment scheme pursuant to section 601EB of the Corporations Act or a managed investment scheme which ASIC has exempted from those registration requirements; or
(b)       a foreign company which has the economic features of a managed investment scheme, namely:
 1.          investors contribute money or money's worth to acquire rights to benefits produced by the collective investment;
 2.        contributions of investors are to be pooled, or used in a common enterprise, to produce financial benefits, or benefits consisting of rights or interests in property, for investors holding financial products in the collective investment; and
 3.      investors holding financial products issued in the collective investment do not have day to day control over the operation of the collective investment.

Market means any of the following:
 1.         the ASX Market;
 2.        the Chi-X Market;
 3.         the IR Plus Market;
 4.        the NSXA Market;
 5.         the SSX Market.

Market Maker means a Trading Participant registered by a Market operator as a market maker, which has an obligation to make a market in assigned Classes of Derivatives Market Contracts.

NGF has the meaning given by section 880B of the Corporations Act.

Non-Public Crossing System Information has the meaning given by subrule 5A.2.2(5).

Normal Trading Hours, in relation to a Participant and a transaction, means Trading Hours for all Markets:

(a)        on which the financial products the subject of the transaction are quoted; and

(b)       to which the Participant has access, either directly or indirectly through another Participant.

NSXA means National Stock Exchange of Australia Limited (ACN 000 902 063).

NSXA AOP Participant