Securities and Futures Act 2001 · 2020 Revised Edition · Part 4 · Holders of Capital Markets Services Licence and Representatives
97I. Remuneration and expenses of Authority and others in certain cases
Feedback & supportLast amended by an amending law of 2013.
The Authority may at any time fix the remuneration and expenses to be paid by a holder of a capital markets services licence —
to a statutory manager or statutory adviser appointed in relation to the holder, whether or not the appointment has been revoked; and
where the Authority has assumed control of the relevant business of the holder, to the Authority and any person appointed by the Authority under section 320 in relation to the Authority’s assumption of control of the relevant business, whether or not the Authority has ceased to be in control of the relevant business.
The holder of a capital markets services licence must reimburse the Authority any remuneration and expenses payable by the holder to a statutory manager or statutory adviser.
capital markets services licence
“capital markets services licence” means a licence that is granted by the Authority under section 86 to a person to carry on a business in any regulated activity;