44
CAP. 24]
Securities and Futures Commission
{1989 Ed.
(2) A person to whom this section applies shall give to the Commission not less than 30 days' notice in writing, or such shorter period of such notice as the Commission may in a particular case allow on an application made in that behalf, of any intended change in the location of premises at which any record or other document referred to in subsection (1) is to be kept by him.
(3) Every person referred to in subsection (1) or (2) shall, as regards any premises referred to in his notification or application, state whether or not those premises are used or are to be used partly or wholly for residential purposes.
(4) A person to whom this section applies shall not keep any record or other document relating to the business in respect of which he is registered at-
(a) any premises the location of which has not been notified to the Commission under this section; or
(b) any premises which are not regarded by the Commission as suitable:
Provided that this subsection shall not operate as regards a person to whom subsection (1)(a) applies until the period mentioned in subparagraph (i) or, as may be appropriate, subparagraph (ii) of that subsection has expired.
(5) References to a record or other document in subsections (1), (2) and (4) include references to any record or other document which a registered person is required to keep under the relevant Ordinances, and shall also include all data equipment used in connection therewith.
(6) The Commission may require any registered person or applicant for registration who notifies a location of premises under this section to notify it in respect of other premises for the purpose of complying with this section if, in the opinion of the Commission, the first-mentioned premises are unsuitable.
(7) (a) Where premises are, or are to be, used partly or wholly for residential purposes, the Commission shall not regard the premises as being suitable unless it is satisfied by the registered person or applicant concerned that the use by him of the premises to keep a record or other document referred to in subsection (1) will not affect the exercise in relation to the record or other document of any power under Part V.
(b) Where the Commission decides that premises referred to in paragraph (a) are suitable, it shall inform the registered person or applicant concerned of its decision by letter and the letter shall also state that the premises may be entered pursuant to section 30 or 36.
(c) Where the Commission decides that premises are unsuitable, it shall inform the registered person or applicant concerned of its decision by letter.
(8) The Commission shall maintain a register and shall record therein the location of any premises notified to it in accordance with subsection (1) or (2).