Back Custom print Link Text Only Rich Text Print

  • [ M ]

    • Managing Director

      Defined in Rule AU-1.2.9B. A Managing Director is a Director on the Board of a licensee who:

      (a) Should be fully responsible for the executive management and performance of the licensee, within the framework of delegated authorities set by the Board;
      (b) Must devote full-time working hours to the licensee; and
      (c) Must not be employed at any other firm.
      Amended: April 2011
      Amended: January 2011
      Added: Oct 09

    • Market

      "Market" means a place at which, or a facility (whether electronic or otherwise) by means of which, offers or invitations to sell, purchase or exchange securities or futures contracts (including options and derivatives) regularly made on a centralised basis, being offers or invitations that are intended or may reasonably be expected to result, whether directly or indirectly, in the acceptance or making, respectively, of offers to sell, purchase or exchange securities or futures contracts (whether through that place or facility or otherwise).

      Added: January 2011

    • Market Counterparty

      (Deleted)

      Deleted: Oct 09

    • Minimum capital requirements (as defined in Paragraph CA-1.2.7)

      (a) Category 1 investment firms: BD 1,000,000;
      (b) Category 2 investment firms: BD 1,000,000 if undertaking the activity of safeguarding financial instruments (i.e. custodian), BD 250,000 in all other cases; and
      (c) Category 3 investment firms: BD 125,000.
      Added: January 2011