1964_SECURITIES_ORDINANCE — Page 61

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CAP. 333]

Securities

[1989 Ed.

(a) in writing in the English language; or

(b) in such a manner as to enable them to be readily accessible and

readily converted into written form in the English language.

(3) Without affecting the generality of subsection (1), a dealer shall cause records to be kept-

(a) in sufficient detail to show particulars of-

(i) all money received and paid by the dealer, including money

paid to, and disbursed from, a trust account;

(ii) all purchases and sales of securities made by the dealer, the charges and credits arising from them, and the names of the buyer and seller, respectively, of each of those securities;

(iii) all income received from commissions, interest, and other sources, and all expenses, commissions, and interest paid by the dealer;

(iv) all the assets and liabilities (including contingent liabilities)

of the dealer;

(v) all securities that are the property of the dealer, showing by whom the security documents are held and, where they are held by some other person, whether or not they are held as security against loans or advances;

(vi) all securities that are not the property of the dealer and for which the dealer or any nominee controlled by the dealer is accountable, showing by whom, and for whom, the security documents are held distinguishing those which are held for safe custody, and those which are deposited with a third party whether as security for loans or advances made to the dealer or any related corporation or for any other purposes; and (Amended 62 of 1976 s. 24)

(vii) all underwriting and sub-underwriting transactions entered

into by the dealer; and

(b) containing copies of acknowledgements of the receipt of

securities received by the dealer from or on behalf of clients, clearly identifying in respect of each receipt of securities the client and the securities. (Amended 62 of 1976 s. 24)

(4) Without prejudice to subsection (3), a dealer shall keep records in sufficient details to show separately particulars of all transactions by the dealer with, or for the account of

(a) clients of the dealer; and

(b) the dealer himself. (Replaced 62 of 1976 s. 24)

(4A) Without affecting the generality of subsections (1) and (3) and subject to regulations under section 146, the dealer shall cause records to be kept which are sufficient to readily establish whether or not section 65B has been complied with. (Added 58 of 1985 s. 57)

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