Investment Services Act (Cap. 370)

Contents

1. Art. 1 Short title.
2. Art. 2 Interpretation.
3. Art. 2A Competent authority.
4. Art. 3 Requirement of licence for investment services.
5. Art. 4 Requirement of licence for collective investment scheme.
6. Art. 5 Application for a licence.
7. Art. 6 Power of competent authority to refuse or grant licence.
8. Art. 7 Power of competent authority to cancel or suspend licences.
9. Art. 8 Notification of proposed refusal, variation, cancellation or suspension of a licence.
10. Art. 8A Application of CRR to certain investment firms.
11. Art. 9 Changes in information; payment of fees.
12. Art. 9A Persons providing administrative services.
13. Art. 10 Participation in an investment services licence holder.
14. Art. 10A Assessment procedure.
15. Art. 10B Co-operation with European regulatory authorities and overseasregulatory authorities in case of acquisitions.
16. Art. 10C Mergers, reconstructions, divisions and changes in share capital or voting rights.
17. Art. 10CA Approval of financial holding companies and mixed financial holding companies.
18. Art. 10D Intermediate European Union parent undertaking.
19. Art. 11 Prospectus and investment advertisements.
20. Art. 12 Minister’s power to make regulations.
21. Art. 13 Power of competent authoritytorequire information.
22. Art. 14 Appointment of inspectors.
23. Art. 15 Power to issue directives.
24. Art. 15A Power of the competent authority to protect the public interest.
25. Art. 16 Right of entry.
26. Art. 16A Administrative penalties and other measures.
27. Art. 16AA Supervisory measures related to financial holdingcompanies and mixed financial holding companies.
28. Art. 16B Obligation to state grounds for decisions.
29. Art. 17 Powers exercisable.
30. Art. 17A Co-operation in supervisory functions, verifications, on- site checks, inspections and investigations.
31. Art. 17B Refusal to co- operate.
32. Art. 17C Inter-authority consultation prior to granting of a licence.
33. Art. 17D Referral to ESMA.
34. Art. 17E Cooperation with ESMA.
35. Art. 17F Co-operation with overseasregulatory authorities.
36. Art. 17G Competent authority to inform the Commission and ESMA of general difficulties.
37. Art. 18 Auditor’s duty to report.
38. Art. 19 Appeals.
39. Art. 20 Unenforceability of certain agreements.
40. Art. 21 Powersofthecourt in the case of a likely contravention.
41. Art. 22 Offences.
42. Art. 23 Penalties.
43. Art. 24 Criminal proceedings.
44. Art. 25 Publicstatementas to person's misconduct.
45. Art. 26 Confidentiality.
46. Art. 27 Exclusion of liability.
47. Art. 28 Notices, etc.
48. Art. 29 Application of Exchange Control Act.
49. Art. 30 Social security and import duty exemptions in respect of licence holders and expatriate staff. Cap. 318.
50. Art. 31 Continuance of foreign body corporate.
51. Art. 32 Inclusion of holdingcompanies in supervision of compliance with the group capital test.
52. Art. 33 Assessment of third country supervision and other supervisory techniques.
53. Art. 34 Supervision of mixed-activity holding company.