Clause 13
Amendment of section 23
of Financial Advisers (Amendment) Bill
BillNot in forceProvision 13 of 34
Clause 13
Section 23 of the principal Act is amended —
(a)
by inserting, immediately after subsection (5), the following subsection:“(5A) For the avoidance of doubt, references in subsections (4) and (5) to specific sections in this Act that apply to exempt financial advisers or their representatives, respectively, do not include references to any regulations made under those sections unless the Authority prescribes that such regulations so apply.”; and
(b)
by inserting, immediately after the words “subsection (1)(f) or (2)” in subsection (7), the words “or their representatives”.