of the holder of such a licence A person (in this section called the agent )
does not contravene subsection 1002G(2) by subscribing for, purchasing or
selling, or entering into an agreement to subscribe for, purchase or sell,
securities of a body corporate that are permitted by a securities exchange to
be traded on the stock market of that securities exchange if:
- (a)
- the agent
is the holder of a dealers licence or a representative of the holder of such a
licence; and
- (b)
- the agent entered into the transaction or agreement concerned on behalf of
another person (in this section called the principal ) under a specific
instruction by the principal to enter into that transaction or agreement; and
- (c)
- the holder of the dealers licence had in operation at the time when that
transaction or agreement was entered into arrangements that could reasonably
be expected to ensure that any information in the possession of the holder or
of any representative of the holder as a result of which the person in
possession of the information would be prohibited by subsection 1002G(2) from
entering into that transaction or agreement was not communicated to the agent
and that no advice with respect to the transaction or agreement was given to
the principal or to the agent by a person in possession of the information;
and
- (d)
- the information was not so communicated and no such advice was so given;
and
- (e)
- the principal is not an associate of the holder or of any representative
of the holder;
but nothing in this section affects the application of subsection 1002G(2) in
relation to the principal.