Clause 5

by deleting the words “of licence,” in paragraph (h)(i) and substituting the words “for him to be an appointed or provisional representative”;

by deleting the word “or” at the end of paragraph (h)(ii);

by deleting sub-paragraph (iii) of paragraph (h) and substituting the following sub-paragraphs:“(iii)the Authority has reason to believe that he has not performed, or will not perform, the type of financial advisory service for which he is appointed efficiently, honestly or fairly; or

the Authority has reason to believe that he has not acted in the best interests of the clients of his principal;”; and

by inserting, immediately after paragraph (o), the following paragraph:“(oa)it appears to the Authority that he has failed to satisfy any of his obligations under or arising from —

this Act; or

any written direction issued by the Authority under this Act;”.