7.9.07FB
CurrentProduct Disclosure Statement not required if client not in this jurisdiction
Chapter 7Financial services and markets
Part 7.9Financial product disclosure and other provisions relating to issue and sale of financial products
Division 2CSituations where a Product Disclosure Statement is not required
7.9.07FB Product Disclosure Statement not required if client not in this jurisdiction
For paragraph 1020G(1)(c) of the Act, section 1012D of the Act is modified by inserting after subsection 1012D(8):
“(8A) In a recommendation situation, an issue situation or a sale situation, the regulated person does not have to give the client a Product Disclosure Statement for the financial product if the client is not in this jurisdiction.”
This Act’s bill:Explanatory statement
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