1989 Ed.]
Securities
[CAP. 333
29
(c) a certificate of registration authorizing him to carry on business as an investment adviser; or
(d) a certificate of registration authorizing him to act as a representative of a registered investment adviser.
(1A) Subject to sections 50A and 53 and to subsection (5), the Commission shall, on application by any partnership in the prescribed manner and on payment of the prescribed fee, issue to the partnership a certificate of registration (Amended 10 of 1989 s. 65)
(a) authorizing the partnership to carry on the business of dealing in securities; or
(b) authorizing the partnership to carry on business as an investment adviser. (Added 58 of 1985 s. 8)
(2) A certificate of registration shall be subject to such reasonable conditions as the Commission considers necessary. (Replaced 10 of 1989 s. 65)
(3) A certificate of registration issued to a dealer or investment adviser shall specify the name of the person thereby authorized to carry on a business of dealing in securities or as an investment adviser, as the case may be.
(4) The issue of a certificate of registration to a person shall not authorize such a person to carry on that business under any name other than that specified in the certificate.
(5) This section shall be construed and have effect subject to sections 23, 25 and 27(1)(b) of the Securities and Futures Commission Ordinance (Cap. 24). (Added 10 of 1989 s. 65)
51A. (Repealed 58 of 1989 s. 9)
52. Deposit required before registration as a dealer
(1) Subject to subsection (6), the Commission shall not register an applicant as a dealer unless the applicant has deposited with the Commission such amount as is prescribed in regulations.
(1A) Subject to subsection (6), where an applicant is a corporation the Commission shall not register the corporation as a dealer unless there has been deposited with the Commission in respect of each director of the corporation who actively participates in, or is in any way directly responsible for, the corporation's business of dealing in securities in Hong Kong such amount as is prescribed in regulations. (Added 62 of 1976 s. 13)
(2) If
(a) the dealer, being an individual person or member of a partnership of dealers, becomes bankrupt, the Commission shall pay the deposit to the dealer's trustee in bankruptcy;
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CAP. 333]
1989 Ed.]
Securities
[CAP. 333
29
(c) a certificate of registration authorizing him to carry on business
as an investment adviser; or
(d) a certificate of registration authorizing him to act as a
representative of a registered investment adviser.
(1A) Subject to sections 50A and 53 and to subsection (5), the Commission shall, on application by any partnership in the prescribed manner and on payment of the prescribed fee, issue to the partnership a certificate of registration (Amended 10 of 1989 s. 65)
(a) authorizing the partnership to carry on the business of dealing in
securities; or
(b) authorizing the partnership to carry on business as an investment
adviser. (Added 58 of 1985 s. 8)
(2) A certificate of registration shall be subject to such reasonable conditions as the Commission considers necessary. (Replaced 10 of 1989 $.65)
(3) A certificate of registration issued to a dealer or investment adviser shall specify the name of the person thereby authorized to carry on a business of dealing in securities or as an investment adviser, as the case may be.
(4) The issue of a certificate of registration to a person shall not authorize such a person to carry on that business under any name other than that specified in the certificate.
(5) This section shall be construed and have effect subject to sections 23, 25 and 27(1)(b) of the Securities and Futures Commission Ordinance (Cap. 24). (Added 10 of 1989 s. 65)
51A. (Repealed 58 of 1989 s. 9)
52. Deposit required before registration as a dealer
(1) Subject to subsection (6), the Commission shall not register an applicant as a dealer unless the applicant has deposited with the Commission such amount as is prescribed in regulations.
(IA) Subject to subsection (6), where an applicant is a corporation the Commission shall not register the corporation as a dealer unless there has been deposited with the Commission in respect of each director of the corporation who actively participates in, or is in any way directly responsible for, the corporation's business of dealing in securities in Hong Kong such amount as is prescribed in regulations. (Added 62 of 1976 s. 13)
(2) If
(a) the dealer, being an individual person or member of a partnership of dealers, becomes bankrupt, the Commission shall pay the deposit to the dealer's trustee in bankruptcy;
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CAP. 333]
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