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FAQ 10.32

​​​​​​​Related party transactions

 

10.32

If the listed corporation gives discounts on the provision of its goods on the basis of volume or bulk purchases to all its customers, can such provision still fall within the exemption set out in Rule 10.08(11)(g) of the ACE LR?

Yes, provided that the provision of goods meets the conditions set out in Rule 10.08(11)(g). However, discounts given or granted purely on the basis that the customer is a related party will not meet the condition that “all material terms are applied consistently to all customers or classes of customers.”