Client Advising Participant definition
Client Advising Participant means any Market Participant that provides investment advice and/or Securities recommendations to a client and may be responsible for that client’s assets at any time and includes:
Client Advising Participant means: (a) an NZX Trading and Advising Firm; (b) an NZX Advising Firm; (c) a Bank Only Participant; and (d) any Approved Organisation designated as a Client Advising Participant from time to time by NZX pursuant to Rule 3.19; “Client Assets” has the meaning as set out in Rule 18.1; “Client Funds” means the funds given by a client to a Market Participant Accepting Client Assets to be held by that Market Participant Accepting Client Assets in its Client Funds Account; “Client Funds Account” has the meaning given to that term in Rule 18.3; “Client Inward Transfer” or “CIT” has the meaning set out in the Depository Rules; “Client Outward Transfer” or “COT” has the meaning set out in the Depository Rules; “Close” means the market phase as determined from time to time by NZX during which time Trades are created from matching Orders in accordance with Rules 11.6, 12.6, 14.6, 22.7.6 or 23.3.6; “Closing Market Price” means the last traded price of a Security at the end of a Trading Day; “Commodity” means any property, right (present or future or of any description) or asset and includes a financial product, a Security, an Emission Unit, electricity and Money in any currency but excludes any property or right in a Derivatives Contract; “Common Shareholder Number” or “CSN” means a unique alphanumeric identifier that uniquely identifies that Security holder: (a) on all Securities Registries; and (b) to NZX; “Company” means a company registered or re-registered under the Companies Act 1993;