Document ID: chunk:federal_register_of_legislation:F2024C01108:front:0:p41
Version: federal_register_of_legislation:F2024C01108
Segment Type: other
Provision Reference: 
Character Range: 109483–112229

the Client, that the Market Participant will notify the Client of any refusal or limitation as soon as practicable;
(vi)      that the Trading Participant is not required to act in accordance with the Client's instructions, where to do so would constitute a breach of the operating rules of the relevant Market, the Clearing Rules or the Corporations Act; and
(vii)    that each Options Market Contract registered with a Clearing Facility is subject to operating rules and any practices, directions, decisions and requirements of that Clearing Facility.

(2) A Market Participant must set out in a Client Agreement entered into under subrule (1) any minimum period of notice to terminate the agreement and any other limitations on the right to terminate the agreement.

3.1.8 Client Agreement for Warrants

(1) Before entering into a Market transaction to buy Warrants on behalf of a retail client (the Client), a Market Participant must enter into a written agreement with the Client under which the Market Participant discloses, and the Client acknowledges that they are aware that:
 1.         a Warrant has a limited life and cannot be traded after its expiry date;
(b)       Warrants do not have standardised Terms of Issue and it is the responsibility of the Client to become aware of the Terms of Issue of any Warrant in which the Client chooses to invest; and
(c)        Warrants may be subject to adjustments after their initial issue and it is the Client's responsibility to become aware of any adjustments which may have been made to any Warrant in which the Client chooses to invest.

(2) The written agreement referred to in subrule (1) must include an acknowledgement from the Client that the Client has received and read a copy of any current explanatory booklet in respect of Warrants issued by the operator of the Market where the transaction will be entered into.

3.1.9 Client Agreement for Partly Paid Securities

Before entering into a Market transaction to buy Partly Paid Securities on behalf of a retail client (the Client), a Market Participant must enter into a written agreement with the Client under which the Market Participant discloses, and the Client acknowledges that they are aware, that:
 1.         a Partly Paid Security is a security which may require the Client to make a further payment or payments at some time in the future;
(b)       it is the responsibility of the Client to obtain and read a copy of the prospectus, product disclosure statement or information memorandum issued by an Issuer which sets out the particular features of, and rights and obligations attaching to, a Partly Paid Security before the Client places an order to buy a Partly Paid Security;
(c)        the Client may be required