Common use of Broker Participants Clause in Contracts

Broker Participants. (a) Subject to this agreement, the Operator will give all Broker Participants access to the Trading System to the extent required to submit and confirm Broker Pre-matched Trades. Note: Clause 13.3 limits the extent to which Broker Participants may submit and confirm Broker Pre-matched Trades. (b) A Broker Participant is not permitted to trade in Products or view information produced by the Operator about Product trading that is not made publicly available. (c) The Operator must register a Member as a Broker Participant if that Member has applied to become a Broker Participant and the Operator is satisfied that the Member: (i) has met the requirements in clause 6.1(b); (ii) has an active Austraclear account and has given its account information to the Operator; (iii) is registered for GST purposes and has executed and delivered to the Operator a recipient created tax invoice agreement in the form specified by the Operator from time to time; (iv) holds an Australian financial services licence (as defined in the Corporations Act) that permits dealing in a financial product by applying for, acquiring, varying or disposing of a financial products on behalf of another person in respect of products that would enable the Member to submit and confirm Broker Pre-matched Trades; (v) is not an Agent Member or Appointing Member; (vi) is not registered as a Trading Participant, a Viewing Participant or a Reallocation Participant; and (vii) Is not registered in any capacity in any other markets, exchanges or auctions operated or conducted by AEMO.

Broker Participants. (a) Subject to this agreement, the Operator will give all Broker Participants access to the Trading System to the extent required to submit and confirm Broker Pre-matched Trades. Note: Clause 13.3 limits the extent to which Broker Participants may submit and confirm Broker Pre-matched Trades. (b) A Broker Participant is not permitted to trade in Products or view information produced by the Operator about Product trading that is not made publicly available. (c) The Operator must register a Member as a Broker Participant if that Member has applied to become a Broker Participant and the Operator is satisfied that the Member: (i) has met the requirements in clause 6.1(b); (ii) has an active Austraclear account and has given its account information to the Operator; (iii) is registered for GST purposes and has executed and delivered to the Operator a recipient created tax invoice agreement in the form specified by the Operator from time to time; (iv) holds an Australian financial services licence (as defined in the Corporations Act) that permits dealing in a financial product by applying for, acquiring, varying or disposing of a financial products on behalf of another person in respect of products that would enable the Member to submit and confirm Broker Pre-matched Trades; (v) is not an Agent Member or Appointing Member; (vi) is not registered as a Trading Participant, a Viewing Participant or a Reallocation Participant; and (vii) Is is not registered in any capacity in any other markets, exchanges or auctions operated or conducted by AEMO.