4A. Exemption from regulation 4(1)
Feedback & supportLast amended by an amending law of 2018.
A specified holder of a licence who maintains a base capital of $150,000 is exempt from complying with regulation 4(1) until 8 October 2019.
In paragraph (1), a specified holder of a licence is a person who —
was granted a licence to carry on business in dealing in capital markets products between 8 October 2018 and 7 October 2019 (both dates inclusive); and
immediately before 8 October 2018, was a holder of a financial adviser’s licence for the marketing of any collective investment scheme under section 13(1) of the Financial Advisers Act (Cap. 110).
Subregulation 1
A specified holder of a licence who maintains a base capital of $150,000 is exempt from complying with regulation 4(1) until 8 October 2019.
Subregulation 2
In paragraph (1), a specified holder of a licence is a person who —
was granted a licence to carry on business in dealing in capital markets products between 8 October 2018 and 7 October 2019 (both dates inclusive); and
immediately before 8 October 2018, was a holder of a financial adviser’s licence for the marketing of any collective investment scheme under section 13(1) of the Financial Advisers Act (Cap. 110).