Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:3:p8
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 3 (pt 8/19)
Character Range: 1391421–1394196

licensed market.
 (3) For paragraph 1017F(9)(c) of the Act, subregulation (4) applies in relation to a transaction if:
 (a) the responsible person is a participant of a licensed market; and
 (b) the participant has complied with all of the participant's obligations in relation to the transaction under the market integrity rules and the operating rules of the licensed market; and
 (c) the transaction forms part of a series of transactions made to complete an order placed with a financial services licensee; and
 (d) the holder of the product has given to the financial services licensee, in relation to that order or all orders (or all orders included in a class in which that order is included) placed with the financial services licensee by the holder, prior authorisation to give to the client a single confirmation in respect of the series of transactions that specifies the average price per unit of financial products acquired or disposed of in the series of transactions, instead of an individual confirmation in respect of each transaction in the series, that specifies the price per unit of the financial products acquired or disposed of in the transaction to which each confirmation relates.
 (4) Subregulation 7.9.63B(7) is taken to be satisfied if, in respect of the transaction:
 (a) the financial services licensee gives the confirmation to the holder in accordance with the authorisation; and
 (b) unless otherwise provided by the market integrity rules or the operating rules of the licensed market, the financial services licensee, if requested to do so by the client, also gives to the holder a document that specifies the price per unit of the financial products sold or bought in each transaction in the series.
 (5) For this regulation, an authorisation given by a person to a financial services licensee:
 (a) must be given orally, or in writing, by the person; and
 (b) is effective until it is revoked, either orally or in writing, by the person.
 (6) If a person gives an oral authorisation to a financial services licensee, or revokes an authorisation orally, the financial services licensee must:
 (a) make a written record of the authorisation or revocation; and
 (b) send a copy of the written record to the person.
 (7) In this regulation:
order means an instruction, or a series of instructions, to acquire or dispose of financial products.

7.9.63D  Confirmation of transaction—information about cooling‑off period
 (1) For paragraph 1017F(8)(d) of the Act, this regulation applies in relation to a transaction:
 (a) that is the acquisition of a financial product to which:
 (i) regulation 7.9.14, 7.9.66 or 7.9.68 applies; and
 (ii) to which regulation 7.9.64 does not apply; or
 (b) relating to an RSA to which subsection 1012I(2) of the