15. Holder of licence

In this Part, unless the context otherwise requires, “holder of a licence” means a corporation that is one or more of the following:

the holder of a licence to deal in capital markets products which is a member of an approved exchange, not including the holder of a licence —

which does not carry any customer’s position, margin or account in its own books; and

which either —

deals in capital markets products solely with one or more of the following types of investors:

accredited investors;

expert investors; (AC)institutional investors; or

carries on the business of soliciting or accepting orders for the purchase or sale of any capital markets products from any customer, and no other business;

the holder of a licence which is a member of an approved clearing house,whether or not the corporation is also permitted to carry on business in any other regulated activity.