24. Dealer’s licence
Feedback & supportNo person shall carry on a business of dealing in securities or hold himself out as carrying on such a business unless he is the holder of a dealer’s licence under this Part.
dealing in securities
“dealing in securities” means (whether as principal or agent) making or offering to make with any person, or inducing or attempting to induce any person to enter into or to offer to enter into —(a)any agreement for or with a view to acquiring, disposing of, subscribing for, or underwriting securities; or(b)any agreement the purpose or pretended purpose of which is to secure a profit to any of the parties from the yield of securities or by reference to fluctuations in the price of securities;
Subsection (1) shall not apply to an exempt dealer.
exempt dealer
“exempt dealer” means a person or a body corporate specified in section 40;