1989 Ed.
Securities
[CAP. 333
59
(b) in the case of a contravention of subsection (3), to a fine of $20,000 and to imprisonment for 2 years.
PART IX
ACCOUNTS AND AUDIT
(Amended 10 of 1989 s. 65)
82. Application and interpretation of Part IX
(1) This Part applies to the business of a registered dealer, other than a registered dealer who is a director of a corporation when acting for or on behalf of the corporation in its business of dealing in securities; and every reference in this Part to the term "dealer" shall be construed accordingly. (Replaced 62 of 1976 s. 23)
(2) In this Part, unless the context otherwise requires, any reference to the books, accounts, records, securities, trust accounts, or business of, or in relation to, a dealer who carries on business in partnership shall be read and construed as a reference to the books, accounts, records, securities, trust accounts, or business (as the case requires) of or in relation to the partnership.
(2A) Any obligation imposed by this Part on a dealer shall, where a dealer is a partner in a dealing partnership, be deemed to be imposed on the partnership; and all the partners of the partnership, if it is a general partnership, and all the general partners of a limited partnership shall jointly and severally be responsible for the performance of that duty. (Added 58 of 1985 s. 22)
(3) The Governor in Council may, by order published in the Gazette, apply all or any of the provisions of this Part, with or without modifications, to registered investment advisers.
83. Accounts to be kept by dealers
(1) A dealer shall-
(a) cause to be kept such accounting and other records as will sufficiently explain the transactions, and reflect the financial position, of the business of dealing in securities carried on by him, and will enable true and fair profit and loss accounts and balance sheets to be prepared from time to time; and
(b) cause those records to be kept in such a manner as will enable them to be conveniently and properly audited.
(2) The records referred to in subsection (1) shall be kept-
Page 60
Page 61
1989 Ed.
Securities
[CAP. 333
59
(b) in the case of a contravention of subsection (3), to a fine of
$20,000 and to imprisonment for 2 years.
PART IX
ACCOUNTS AND AUDIT
(Amended 10 of 1989 s. 65)
82. Application and interpretation of Part IX
(1) This Part applies to the business of a registered dealer, other than a registered dealer who is a director of a corporation when acting for or on behalf of the corporation in its business of dealing in securities; and every reference in this Part to the term "dealer" shall be construed accordingly. (Replaced 62 of 1976 s. 23)
(2) In this Part, unless the context otherwise requires, any reference to the books, accounts, records, securities, trust accounts, or business of, or in relation to, a dealer who carries on business in partnership shall be read and construed as a reference to the books, accounts, records, securities, trust accounts, or business (as the case requires) of or in relation to the partnership.
(2A) Any obligation imposed by this Part on a dealer shall, where a dealer is a partner in a dealing partnership, be deemed to be imposed on the partnership; and all the partners of the partnership, if it is a general partnership, and all the general partners of a limited partnership shall jointly and severally be responsible for the performance of that duty. (Added 58 of 1985 s. 22)
(3) The Governor in Council may, by order published in the Gazette, apply all or any of the provisions of this Part, with or without modifications, to registered investment advisers.
83. Accounts to be kept by dealers
(1) A dealer shall-
(a) cause to be kept such accounting and other records as will sufficiently explain the transactions, and reflect the financial position, of the business of dealing in securities carried on by him, and will enable true and fair profit and loss accounts and balance sheets to be prepared from time to time; and
(b) cause those records to be kept in such a manner as will enable
them to be conveniently and properly audited.
(2) The records referred to in subsection (1) shall be kept-
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