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  • Dealing in Financial Instruments as Agent

    • AU-1.4.17

      Dealing in financial instruments as agent means buying, selling, subscribing for or underwriting financial instruments on behalf of a client.

      Amended: October 2012

    • AU-1.4.18

      A licensee that carries on an activity of the kind specified by Rule AU-1.4.17 is not a market maker, does not have the ability to deal in financial instruments on terms determined by it and does not use its own financial resources for the purpose of buying, selling, subscribing for or underwriting financial instruments. Such a licensee may however receive or hold client assets in connection with a client transaction, in its capacity as agent.

      Amended: October 2012
      Amended: July 2007