30. Grant of representative’s licence

Terms defined in s 2

• Authority

  Authority

  Defined · s 2

  “Authority” means the Monetary Authority of Singapore;

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• dealer

  dealer

  Defined · s 2

  “dealer” means a person who carries on a business of dealing in securities as a body corporate whether or not he carries on any other business, but does not include an exempt dealer;

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• investment representative

  investment representative

  Defined · s 2

  “investment representative” means a person, in the direct employment of or acting for or by arrangement with an investment adviser, who performs for such investment adviser any of the functions of an investment adviser (other than work ordinarily performed by accountants, clerks or cashiers) whether his remuneration is by way of salary, wages, commission or otherwise; and includes any director or officer of a body corporate who performs for such body corporate any of those functions (whether or not his remuneration is as aforesaid);

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• licence

  licence

  Defined · s 2

  “licence” means —(a)a dealer’s licence;(b)an investment adviser’s licence; or(c)a representative’s licence,under Part IV;

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• representative

  representative

  Defined · s 2

  “representative” means a dealer’s representative or an investment representative;

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