Clause 47

by deleting sub-paragraph (i) of paragraph (c) of the definition of “commodity trading adviser” in section 2 and substituting the following sub‑paragraph:“(i)a bank or merchant bank licensed under the Banking Act (Cap. 19);”; and

by deleting sub-paragraph (c) of paragraph 1 of the Schedule and substituting the following sub‑paragraph:“(c)in respect of sections 12(1) and 13(1)(a) to (e), a bank or merchant bank licensed under the Banking Act (Cap. 19);”.