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  • Dealing in Financial Instruments as Principal

    • LR-1.3.22

      Dealing in financial instruments as principal means buying, selling, subscribing for or underwriting any financial instrument on one's own account.

      October 2007

    • LR-1.3.23

      Rule LR-1.3.22 includes the underwriting of equity and other financial instruments. The underwriting of loans comes under the activity of providing credit (see Rule LR-1.3.18). It also includes the temporary sale of a financial instrument through a repo transaction.

      October 2007

    • LR-1.3.24

      A person does not carry on an activity specified in Rule LR-1.3.22 if the activity relates to the person issuing his own shares/debentures, warrants or bonds.

      October 2007