Section 88

The Authority may grant a capital markets services licence subject to such conditions or restrictions as it thinks fit.

Without limiting subsection (1), where the Authority grants a capital markets services licence to carry on a business of dealing in capital markets products, the Authority may impose conditions or restrictions under subsection (1) restricting the holder of the capital markets services licence to one or more types of capital markets products in respect of which the holder may carry on a business of dealing in capital markets products.

The Authority may, at any time, by written notice to a holder of a capital markets services licence, vary any condition or restriction or impose such further condition or restriction as it thinks fit.

Any person who contravenes any condition or restriction in its licence shall be guilty of an offence.