(iii) repeal "Commissioner"

wherever it occurs and substitute

"Commission"; and

(5)

(iv) add after subsection

"(6)

This section shall

be construed and have effect

subject to section 21 of the

Securities and Futures

Commission Ordinance 1989

( of 1989).".

(i)

In section 32

(i) in subsection (1)

(A)

in paragraph (a), repeal

subparagraphs (iii) and

(iv) and substitute

"(iii) the

applicant does not

have the financial

resources, in respect

of the business for

which he applies for

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