Clause 118

prescribing forms for the purposes of this Act;

prescribing fees to be paid in respect of any matter or thing required for the purposes of this Act;

the preparation by dealers of balance-sheets and profit and loss accounts and the form and contents thereof;

the specification of manipulative and deceptive devices and contrivances in connection with the purchase or sale of securities that are prohibited;

purchasing or selling of securities for their own accounts, directly or indirectly by dealers, dealers’ representatives, investment advisers and their representatives and financial journalists;

providing for the disclosure by a dealer, investment adviser or exempt dealer of any material interest that such person might have in a proposed transaction relating to trading in securities;

prohibiting or restricting forward contracts in shares of bodies corporate that are admitted to the official list of a securities exchange;

the activities of and the standards to be maintained by dealers and investment advisers including the manner and method of soliciting business by them;

the regulation or prohibition of trading on the floor of a securities exchange by stockbrokers or their representatives directly or indirectly for their own accounts or for discretionary accounts and the prevention of such excessive trading on a securities exchange but off the floor of a securities exchange by stockbrokers or their representatives directly or indirectly for their own accounts as the Minister may consider is detrimental to the maintenance of a fair and orderly market. Regulations under this paragraph may provide for the exemption of such transactions as the Minister may decide to be necessary in the public interest or for the protection of investors;

the regulation of borrowing in the ordinary course of business by dealers and stockbrokers as the Minister may consider necessary or appropriate in the public interest or for the protection of investors;

regulating the publication of advertisements offering the services of dealers or offering securities for purchase or sale and the form and contents of such advertisements; and

all matters or things which by this Act are required or permitted to be prescribed or which are necessary or expedient to be prescribed to give effect to this Act.

may be of general or specifically limited application; and

may impose a fine not exceeding $5,000 or imprisonment for a term not exceeding one year or both for any contravention thereof.