Document ID: chunk:federal_register_of_legislation:F2023C00208:reg:16:p2
Version: federal_register_of_legislation:F2023C00208
Segment Type: reg
Provision Reference: reg 16 (pt 2/2)
Character Range: 42934–43894

A x B
     does not exceed $100,000 where:
A = the person's short position in relation to the security or product as at the nominated time.
B = either:
(a) the last sale price for the security or product on the financial market on the day (or, if there is no such price on that day, the last sale price on the financial market); or
(b) the price determined and published by the operator of the market after the close of trading for the day as the value of the security or product on the day.
     volume limit: the volume limit, in relation to a person for a security or managed investment product that is able to be traded on a financial market, is not exceeded on a day if:

                 A   x 100
                 B

       does not exceed 0.01 where:
A = the person's short position in relation to the security or product as at the nominated time.
B = the total quantity of securities or products in the same class of securities or products on the day.