Government Securities (Debt Market and Investment) Act 1992 · 2020 Revised Edition · Part 7A · Primary Dealers
29C. Directions to primary dealers
Feedback & supportThe Authority may give directions to be observed by any primary dealer or class of primary dealers —
to ensure the continuity or reliability of the provision of services by the primary dealer or class of primary dealers to its or their customers; or
in the public interest.
A direction under subsection (1) —
must require the primary dealer or every primary dealer in that class of primary dealers concerned (according to the circumstances of the case) to do, or not to do, such things as are specified in the direction or are of a description as specified in the direction, including but not limited to the manner in which the primary dealer conducts the business mentioned in section 29A(1) with its customers;
takes effect at such time, being the earliest practicable time, as is determined by or under that direction; and
may be varied or revoked at any time by the Authority.
Every primary dealer must comply with every direction of the Authority given to the dealer under this section.
primary dealer
“primary dealer” means a person approved under Part 7A to be a primary dealer;
It is not necessary to publish any direction in the Gazette.