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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.10 - MARKET MISCONDUCT AND OTHER PROHIBITED CONDUCT RELATING TO FINANCIAL PRODUCTS AND FINANCIAL SERVICES    View history reference

Division 3 - The insider trading prohibitions    View history reference

Subdivision B - The prohibited conduct    View history reference

SECTION 1043C  EXCEPTION FOR UNDERWRITERS  

 View history reference

1043C(1)  [Underwriting agreement]  


Subsection 1043A(1) does not apply in respect of:


(a) applying for or acquiring securities or managed investment products under an underwriting agreement or a sub-underwriting agreement; or


(b) entering into an agreement referred to in paragraph (a); or


(c) disposing of securities or managed investment products acquired under an agreement referred to in paragraph (a).

1043C(2)  [Communications for underwriting agreements]  


Subsection 1043A(2) does not apply in respect of:


(a) the communication of information in relation to securities or managed investment products to a person solely for the purpose of procuring the person to enter into an underwriting agreement in relation to any such securities or managed investment products; or


(b) the communication of information in relation to securities or managed investment products by a person who may be required under an underwriting agreement to apply for or acquire any such securities or managed investment products if the communication is made to another person solely for the purpose of procuring the other person to do either or both of the following:


(i) enter into a sub-underwriting agreement in relation to any such securities or managed investment products;

(ii) apply for any such securities or managed investment products.


 



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