26
26
CAP. 333]
Securities
[1989 Ed.
(2) Any person who knowingly acts in contravention of subsection (1) or (1A) shall be guilty of an offence and shall be liable on conviction to a fine of $20,000 and, in the case of a continuing offence, to a further fine of $200 for each day during which the offence continues. (Amended 62 of 1976 s. 10)
49A. Registration as a dealing partnership
(1) No registered dealer shall
(a) be or remain a member of a partnership carrying on a business in Hong Kong of dealing in securities, or hold itself out as carrying on such business, unless the partnership is registered as a dealing partnership under this Part; or
(b) being a partner in a dealing partnership which is registered under this Part, carry on a business in Hong Kong of dealing in securities, or hold himself out as carrying on such business, otherwise than as a member of such partnership.
(2) Any person who knowingly acts in contravention of subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine of $50,000 and, in the case of a continuing offence, to a further fine of $500 for each day during which the offence continues.
49B. Registration as an investment advisers' partnership
(Added 58 of 1985 s. 5)
(1) No registered investment adviser shall-
(a) be or remain a member of a partnership which acts in Hong Kong as an investment adviser, or hold himself out as so acting, unless the partnership is registered as an investment advisers' partnership under this Part; or
(b) being a partner in an investment advisers' partnership which is registered under this Part, act in Hong Kong as an investment adviser or hold himself out as so acting, otherwise than as a member of such a partnership.
(2) Any person who knowingly acts in contravention of subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine of $20,000 and, in the case of a continuing offence, to a further fine of $200 for each day during which the offence continues.
49C. Dealing directors only to deal on behalf
of registered dealing corporations
(Added 58 of 1985 s. 5)
(1) No dealing director of a corporation which is a registered dealer shall carry on in Hong Kong a business of dealing in securities except a business carried on for and on behalf of-
26
26
CAP. 333]
Securities
[1989 Ed.
(2) Any person who knowingly acts in contravention of subsection (1) or (1A) shall be guilty of an offence and shall be liable on conviction to a fine of $20,000 and, in the case of a continuing offence, to a further fine of $200 for each day during which the offence continues. (Amended 62 of 1976 s. 10)
49A. Registration as a dealing partnership
(1) No registered dealer shall
(a) be or remain a member of a partnership carrying on a business in Hong Kong of dealing in securities, or hold itself out as carrying on such business, unless the partnership is registered as a dealing partnership under this Part; or
(b) being a partner in a dealing partnership which is registered under this Part, carry on a business in Hong Kong of dealing in securities, or hold himself out as carrying on such business, otherwise than as a member of such partnership.
(2) Any person who knowingly acts in contravention of subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine of $50,000 and, in the case of a continuing offence, to further fine of $500 for each day during which the offence continues.
49B. Registration as an investment advisers' partnership
(Added 58 of 1985 s. 5)
(1) No registered investment adviser shall-
(a) be or remain a member of a partnership which acts in Hong Kong as an investment adviser, or hold himself out as so acting, unless the partnership is registered as an investment advisers' partnership under this Part; or
(b) being a partner in an investment advisers' partnership which is registered under this Part, act in Hong Kong as an investment adviser or hold himself out as so acting, otherwise than as a member of such a partnership.
(2) Any person who knowingly acts in contravention of subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine of $20,000 and, in the case of a continuing offence, to a further fine of $200 for each day during which the offence continues.
49C. Dealing directors only to deal on behalf
of registered dealing corporations
(Added 58 of 1985 s. 5)
(1) No dealing director of a corporation which is a registered dealer shall carry on in Hong Kong a business of dealing in securities except a business carried on for and on behalf of-
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