1964_COMMODITIES_TRADING_ORDINANCE — Page 24

1989 Ed.]

Commodities Trading

[CAP. 250

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that section, attach to the certificate such conditions, or amend or cancel any condition to which the certificate is then subject, as it shall think fit.

(Added 10 of 1989 s. 65)

34. (Repealed 10 of 1989 s. 65)

35. Revocation of registration

(1) The registration of a registered person is deemed to be revoked, in the case of-

(a) an individual, if the individual dies;

(b) a corporation, if the corporation is wound up;

(c) a firm, if the partnership is dissolved.

(2) The Commission may revoke the registration of a registered person-

(a) in the case of a registered person who is an individual-

(i) on any ground on which the Commission may refuse to register under section 32(1)(a);

(ii) if a levy of execution in respect of him has not been satisfied;

(iii) if he ceases to carry on the business for which he was registered; or

(iv) if, in the case of a representative, the registration of the dealer or commodity trading adviser, in relation to whom the certificate of registration of the representative was granted, is revoked;

(b) in the case of a registered person that is a corporation-

(i) on any ground on which the Commission may refuse to register under section 32(1)(b);

(ii) if it is being or will be wound up;

(iii) if a levy of execution in respect of it has not been satisfied;

(iv) if it has entered into any composition or scheme of arrangement with its creditors; or

(v) if it ceases to carry on the business for which it was registered; or

(c) in the case of a registered person that is a firm-

(i) on any ground on which the Commission may refuse to register under section 32(1)(c);

(ii) if the partnership is being or will be dissolved;

(iii) if a levy of execution in respect of it has not been satisfied;

(iv) if it has entered into any composition or scheme of arrangement with its creditors; or

(v) if it ceases to carry on the business for which it was registered.