1964_SECURITIES_ORDINANCE — Page 102

1989 Ed.]

Securities

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101

(3) Except as otherwise provided in this Ordinance, regulations made under this section may be of general or special application.

(4) Regulations made under this section may provide that, subject to such terms and conditions as may be prescribed thereby, the provisions of Parts VI to IX, or such of them as are specified in the regulations-

(a) shall not have effect in relation to any specified person or to any person who is a member of a specified class of persons-

(i) who is or may be a dealer or investment adviser by reason only of his doing anything that is incidental to another business;

(ii) who does not deal in securities for or on behalf of any other person; or

(iii) who is a dealer or investment adviser by reason only of his entering into any specified transaction or class of transactions;

(b) shall not have effect in relation to a representative of any such person, or a member of any such class of persons, as is referred to in paragraph (a);

(c) shall have effect in relation to any such person or member, or a representative of any such person or member, to such extent as is prescribed; or

(d) shall not have effect in relation to a specified transaction or class of transactions entered into by a specified person or class of persons.

146A. Rules by the Commission

(1) The Commission may make rules for all or any of the following matters-

(a) the conduct of business by registered dealers, registered investment advisers, registered dealing partnerships, registered investment advisers' partnerships, registered dealers' representatives and registered investment representatives;

(b) matters incidental to the registration of dealers, investment advisers, dealing partnerships, investment advisers' partnerships, dealers' representatives and investment representatives under this Ordinance;

(c) prescribing the particulars to be recorded in relation to registered dealers, registered investment advisers, registered dealing partnerships, registered investment advisers' partnerships, registered dealers' representatives and registered investment representatives under section 64;