Section 216
Material effect on price or value of securities, securities‑based derivatives contracts or CIS units
of Securities and Futures Act 2001
ActIn forceProvision 437 of 701
Section 216
Amended by4/2017
For the purposes of this Division, a reasonable person would be taken to expect information to have a material effect on the price or value of securities, securities‑based derivatives contracts or CIS units, if the information would, or would be likely to, influence any of the following persons in deciding whether or not to subscribe for, buy or sell those securities, securities‑based derivatives contracts or CIS units:
(a)
the persons who commonly invest in the securities, securities‑based derivatives contracts or CIS units;
(b)
any one or more classes of persons who constitute the persons mentioned in paragraph (a).