LR-1.3.48
Past version: Effective from 01 Apr 2008 to 30 Sep 2010
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The following are examples of activities, when taken in isolation, are unlikely to be regarded as an activity as defined by Rule LR-1.3.45:
(a) explaining the structure, or the terms and conditions of a financial instrument or credit facility;
(b) valuing financial instruments for which there is no ready market;
(c) circulating company news or announcements;
(d) comparing the benefits and risks of one financial instrument to another; and
(e) advising on the likely meaning of uncertain provisions in an agreement relating to, or the terms of, a financial instrument or on the effect of contractual terms and their commercial consequences or on terms that are commonly accepted in the market.
October 2007