Related party transactions
If the listed issuer 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 paragraph 10.08(11)(g) of the Main LR?
Yes, provided that the
provision of goods meets the conditions set out in paragraph 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.”