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4. Return of licences to Authority

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(1)

Every licensed representative and licensed temporary representative shall, no later than 14 days from 26th November 2010, return his licence to his principal.

(2)

A principal shall, no later than one month from 26th November 2010 —

(a)

return to the Authority all licences returned under paragraph (1); and

(b)

furnish to the Authority a list of the names of the representatives who have returned their licences.

(3)

Any representative who, without reasonable excuse, fails to comply with paragraph (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000.

Subregulation 1

Every licensed representative and licensed temporary representative shall, no later than 14 days from 26th November 2010, return his licence to his principal.

Subregulation 2

A principal shall, no later than one month from 26th November 2010 —

(a)

return to the Authority all licences returned under paragraph (1); and

(b)

furnish to the Authority a list of the names of the representatives who have returned their licences.

Subregulation 3

Any representative who, without reasonable excuse, fails to comply with paragraph (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000.

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