On 22/05/2013,
you requested for the version in force on 22/05/2013
incorporating all amendments published on or before 22/05/2013.
The closest version currently available is that of 18/04/2013.
6.
—(1) No person shall establish or operate a market, or hold himself out as operating a market, unless the person is —
(a)
an approved exchange; or
(b)
a recognised market operator.
[1/2005]
(2) No person shall hold himself out —
(a)
as an approved exchange unless he is an approved exchange; or
(b)
as a recognised market operator unless he is a recognised market operator.
[1/2005]
(3) Except with the written approval of the Authority, no person other than an approved exchange shall take or use, or have attached to or exhibited at any place —
(a)
the title or description “securities exchange”, “stock exchange”, “futures exchange” or “derivatives exchange” in any language; or
(b)
any title or description which resembles a title or description referred to in paragraph (a).
[1/2005]
(4) Any person who contravenes subsection (1) or (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $250,000 or to imprisonment for a term not exceeding 3 years or to both and, in the case of a continuing offence, to a further fine not exceeding $25,000 for every day or part thereof during which the offence continues after conviction.
[1/2005]
(5) Any person who contravenes subsection (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 and, in the case of a continuing offence, to a further fine not exceeding $2,000 for every day or part thereof during which the offence continues after conviction.
[1/2005]