Inclusion of identification codes in proper ASTC transfers

Current

A person must not include a participant’s identification code in a document that may be used to effect a proper ASTC transfer unless:

(a)

the person:

(i)

is the participant; or

(ii)

is authorised so to include the identification code by the participant; and

(b)

if:

(i)

the identification code is so included as the identification code of the participant effecting the transfer; and

(ii)

the participant is not the transferor;

the participant is, apart from the effect of regulation 7.11.26, authorised by the transferor to effect the transfer.

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