On 21/05/2013,
you requested for the version in force on 21/05/2013
incorporating all amendments published on or before 21/05/2013.
The closest version currently available is that of 03/12/2001.
13.
—(1) The Authority may grant or renew any licence, subject to such conditions or restrictions as it thinks fit.
(2) Without prejudice to the generality of subsection (1), the Authority may —
(a)
in granting or renewing any licence, impose conditions or restrictions with respect to the type of financial advisory service which may or may not be provided by the licensee, described in such manner as the Authority may consider appropriate; or
(b)
in granting or renewing a representative’s licence, relate the representative’s licence to the financial adviser which supported the application for the licence.
(3) The Authority may at any time add to, vary or revoke any condition or restriction of a licence.
(4) Any licensed financial adviser which contravenes any condition or restriction imposed by the Authority under this section shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 and, in the case of a continuing offence, to a further fine not exceeding $10,000 for every day or part thereof during which the offence continues after conviction.
(5) Any licensed representative who contravenes any condition or restriction imposed by the Authority under this section shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000 and, in the case of a continuing offence, to a further fine not exceeding $2,500 for everyday or part thereof during which the offence continues after conviction.