34
CAP. 333]
Securities
[1989 Ed.
(c) in the case of an applicant that is a partnership, on the grounds
that-
(i) any of the grounds specified in paragraph (a) or (b) exist in relation to any partner of that partnership, every partner being regarded as a separate applicant for the purposes of those paragraphs; or
(ii) the applicant does not have the financial resources, in respect of the business for which it applies for registration, specified in any rules made under section 28 of the Securities and Futures Commission Ordinance (Cap.24) which are then in force and which would be applicable to it if its application for registration were granted; or
(iii) the applicant has not for the purposes of section 27 of the Securities and Futures Commission Ordinance (Cap.24) notified the location of business premises at which every record or other document relating to the business in respect of which it applies to be registered is to be kept, such location not being, in the opinion of the Commission, unsuitable having regard to the purposes of section 30 of that Ordinance. (Replaced 10 of 1989 s. 65)
(2) The Commission shall not refuse an application for registration without first giving the applicant an opportunity of being heard.
(3) Where the Commission refuses an application for registration, it shall notify the applicant in writing of that fact and shall include in the notice a statement of the reasons for the refusal.
(Amended 10 of 1989 s. 65)
53A. Amendment of conditions of
certificate of registration
Without affecting the generality of section 51(2), the Commission may at any time, by a notice in writing served on the holder of a certificate of registration, attach to the certificate such reasonable conditions as the Commission considers necessary or, if it considers it necessary, amend or cancel any condition to which the certificate is then subject.
54. (Repealed 10 of 1989 s. 65)
54A. Deemed registration of certain partnerships
(1) Where
(Added 10 of 1989 s. 65)
(a) in any registered dealing partnership or registered investment
advisers' partnership—
Page 35
Page 36
34
CAP. 333]
Securities
[1989 Ed.
(c) in the case of an applicant that is a partnership, on the grounds
that-
(i) any of the grounds specified in paragraph (a) or (b) exist in relation to any partner of that partnership, every partner being regarded as a separate applicant for the purposes of those paragraphs; or
(ii) the applicant does not have the financial resources, in respect of the business for which it applies for registration, specified in any rules made under section 28 of the Securities and Futures Commission Ordinance (Cap. 24) which are then in force and which would be applicable to it if its application for registration were granted; or
(iii) the applicant has not for the purposes of section 27 of the Securities and Futures Commission Ordinance (Cap. 24) notified the location of business premises at which every record or other document relating to the business in respect of which it applies to be registered is to be kept, such location not being, in the opinion of the Commission, unsuitable having regard to the purposes of section 30 of that Ordinance. (Replaced 10 of 1989 s, 65)
(2) The Commission shall not refuse an application for registration without first giving the applicant an opportunity of being heard.
(3) Where the Commission refuses an application for registration, it shall notify the applicant in writing of that fact and shall include in the notice a statement of the reasons for the refusal.
(Amended 10 of 1989 s. 65)
53A. Amendment of conditions of
certificate of registration
Without affecting the generality of section 51(2), the Commission may at any time, by a notice in writing served on the holder of a certificate of registration, attach to the certificate such reasonable conditions as the Com- mission considers necessary or, if it considers it necessary, amend or cancel any condition to which the certificate is then subject.
54. (Repealed 10 of 1989 s. 65)
54A. Deemed registration of certain partnerships
(1) Where
(Added 10 of 1989 s. 65)
(a) in any registered dealing partnership or registered investment
advisers' partnership—
Page 35Page 36
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