Clause 19
Amendment of section 99K
of Securities and Futures (Amendment) Bill
BillNot in forceProvision 19 of 97
Clause 19
Section 99K of the principal Act is amended by deleting subsection (2) and substituting the following subsection:“(2) An individual who is an appointed or provisional representative in respect of any type of regulated activity shall, by the prescribed time each year, pay such annual fee as may be prescribed by the Authority in relation to the retention of his name, in the public register of representatives, as an appointed or provisional representative in respect of that type of regulated activity.”.