Investment Services Act (S.L. 370.5)

Inhalt

1. Art. 1 Citation and scope.
2. Art. 2 Interpretation. Cap. 370.
3. Art. 3 Assets held under control constitute a distinct patrimony. Cap. 16.
4. Art. 4 Customer enjoys right of ownership in assets.
5. Art. 5 Assets held under control not subject to the rights of creditors of the subject person.
6. Art. 6 Applicability of Duty on Documents and Transfers Act and Income Tax Act. Cap. 364. Cap. 123.
7. Art. 7 Functions and duties of subject person.
8. Art. 8 Deposit of customer instruments with third parties.
9. Art. 9 Deposit of client money.
10. Art. 10 Use of clients’ instruments.
11. Art. 11 Inappropriate use of title transfer collateral arrangements.
12. Art. 12 Governance arrangements concerning the safeguarding of customer assets.
13. Art. 13 Reports by external auditors.
14. Art. 14 Provision of information.
15. Art. 15 Liability of the subject person.
16. Art. 16 Subject person may delegate functions and duties or entrust assets to another subject person.
17. Art. 17 Use of clearing, settlement and de-materialised systems and settlement risk.
18. Art. 18 Subject person’s fees.
19. Art. 19 Termination of the control of assets.
20. Art. 20 Administrative Penalties, other administrative measures and Appeals.