Clause 27

by deleting subsection (1) and substituting the following subsection:“(1) Where —

the holder of a capital markets services licence ceases to carry on business in any of the regulated activities to which the licence relates; or

a change occurs in any matter records of which are required by section 94 to be kept in relation to the holder,the holder shall, not later than 14 days after the occurrence of the event, furnish particulars of the event to the Authority in the prescribed form and manner.”; and

by deleting the words “licensed person ceases to carry on, or ceases to act as a representative in carrying on,” in subsection (2) and substituting the words “holder of a capital markets services licence ceases to carry on”.