3 months each the period during which a suspension order is to rema
in force.
(6) Where a suspension order is made or extended under this
section, the Commission shall -
(a)
forthwith serve a copy of the order or notice in writing of
the extension on the Exchange Company or clearing house to
which the order relates; and
(b)
give notice of that fact in the Gazette.
(7) Where costs or expenses are incurred by the Commission or a
director or employee thereof in connection with a suspension order,
an amount equal to the amount of the costs or expenses shall be paid
to the Commission on demand by the Exchange Company or clearing house
concerned and shall be recoverable as a civil debt.
(8) Any person who contravenes subsection (2)(c) commits an
offence.
PART VII
FUNDING
Levies
48. (1) In the case of every purchase and sale of securities
recorded on the Unified Exchange, the purchaser and the seller shall
each of them be liable to pay to the Commission a levy at such rate
as may be specified by order of the Governor in Council as a
No comments yet.
Private notes are available after approval.