(1) This Division applies if:

(a)

a dealer executes a document of transfer of securities on behalf of a person as transferor of the securities; and

(b)

the transfer is not an SCH-regulated transfer; and

(c)

apart from the effect of paragraph 1105(3)(a), the person did not authorise the dealer to execute the document.

(2) This Division also applies if:

(a)

a dealer effects, or purports to effect, a proper SCH transfer of securities on behalf of a person; and

(b)

apart from the effect of section 1109B, the person did not authorise the dealer to effect the transfer.

(3) In this Division:

(a)

the dealer's action referred to in whichever of paragraphs (1)(a) and (2)(a) is applicable is called the unauthorised execution ; and

(b)

the person referred to in whichever of those paragraphs is applicable is called the transferor ; and

(c)

the securities referred to in whichever of those paragraphs is applicable are called the transferred securities .