Clause 9

in subsection (1), replace paragraph (b) with —“(b)any person who has effective control of the licensed financial adviser,”;

in subsection (1)(c), after “section 65(4)”, insert “(including a condition that has been added to or varied under section 65(4A))”;

in subsection (2), replace paragraph (c) with —“(c)a prohibition order has been made, and remains in force, against the person;”;

in subsection (3), replace paragraph (a) with —“(a)take such steps as are necessary to ensure that the person ceases to have effective control of the licensed financial adviser; or”; and

in subsection (3)(b), replace “written directions” with “the written notice of objection”.