1964_COMMODITIES_TRADING_ORDINANCE — Page 56

1989 Ed.]

Commodities Trading

[CAP. 250

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(b) without reasonable excuse, fails to produce any books, accounts, records or documents that the Commission or a person authorized by the Commission has, pursuant to any provision of this Ordinance, required that person to produce for inspection by the Commission or the person so authorized, (Amended 10 of 1989 s. 65)

shall be guilty of an offence and shall be liable on conviction to a fine of $100,000 and to imprisonment for 2 years. (Amended 35 of 1982 s. 8)

109. Regulations

(1) The Commission may make rules for the better carrying out of the purposes and provisions of this Ordinance, and in particular and without prejudice to the generality of the foregoing, for all or any of the following matters-

(a) the applications for registration of dealers, commodity trading advisers, dealers' representatives and commodity trading advisers' representatives, and matters incidental to such registration or renewal of registration;

(b) (Repealed 10 of 1989 s. 65)

(c) prescribing the appropriate standards with respect to the qualifications, experience and training of applicants for registration as dealers, commodity trading advisers, dealers' representatives and commodity trading advisers' representatives;

(d) providing for the examination of applicants for registration as dealers, commodity trading advisers, dealers' representatives and commodity trading advisers' representatives, and for the fees to be paid for such examinations;

(e) providing for the exemption of such applicants from taking examinations subject to such terms and conditions as may be prescribed;

(f) prescribing the particulars to be recorded in registers kept under this Ordinance and the inspection of such registers;

(g) enabling the Commission to correct any errors in any register kept under this Ordinance;

(h) enabling the Commission, on payment of the prescribed fee (if any), to issue duplicate certificates of registration in the event of loss or destruction of the original certificates of registration or duplicate certificates of registration;

(i) requiring dealers and commodity trading advisers to exhibit their certificates of registration at their places of business;

(j) providing for the application of deposits made by or in respect of dealers;

(k) prescribing the particulars to be recorded in, or in respect of, accounts kept by dealers under this Ordinance;