CAP. 250]
Commodities Trading
[1989 Ed.
28. Dealer's representatives to be registered
(1) No person shall perform for a dealer any of the functions of a dealer within the meaning of section 26 (other than work ordinarily performed by an accountant, clerk or cashier) for remuneration by way of salary, commission or otherwise-
(a) in the case of a person (not being a dealer) who is an employee of, or acts for or by arrangement with, a dealer who is an individual;
(b) in the case of a person (not being a dealer) who is an employee of a corporation that is a dealer; or
(c) in the case of a person (not being a dealer) who is an employee of a firm that is a dealer,
unless such person is registered as a dealer's representative under this Ordinance.
(2) Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable-
(a) on conviction upon indictment to a fine of $100,000 and to imprisonment for 2 years and, in the case of a continuing offence, to a further fine of $2,500 for each day during which the offence continues; and
(b) on summary conviction to a fine of $20,000 and, in the case of a continuing offence, to a further fine of $500 for each day during which the offence continues. (Amended 54 of 1980 s. 2; 35 of 1982 s. 2)
29. Commodity trading adviser's representatives to be registered
(1) No person shall perform for a commodity trading adviser any of the functions of a commodity trading adviser within the meaning of section 27 (other than work ordinarily performed by an accountant, clerk or cashier) for remuneration by way of salary, commission or otherwise---
(a) in the case of a person (not being a commodity trading adviser) who is an employee of, or acts for or by arrangement with, a commodity trading adviser who is an individual;
(b) in the case of a person (not being a commodity trading adviser) who is a director or employee of a corporation that is a commodity trading adviser; or
(c) in the case of a person (not being a commodity trading adviser) who is a partner or employee of a firm that is a commodity trading adviser,
unless such person is registered as a commodity trading adviser's representative under this Ordinance.