Regulatory Alerts2019-01-01
Securities (Authorisation of Foreign Investment Dealers) (Amendment) Rules 2019
The Financial Services Commission issued these rules to amend the Securities (Authorisation of Foreign Investment Dealers) Rules 2010 by deleting rule 10. Made under sections 93 and 155 of the Financial Services Act 2007 and Securities Act 2005, the amendment streamlines the regulatory framework for foreign investment dealers. The rules were formally enacted on 18 October 2019 and take effect on 16 November 2019.
OliImac2/Govt Notices/FSC/ 5_Securities (Authorisation of Foreign Investment Dealers) (Amnd) Rules 2019 - 1st Proof 13/11/19 Vinit/Imac01/Govt Notices/2019/XXXXX - xx.xx.2019 - 1st Proof Vinit/Imac01/Govt Notices/2019/XXXXX - xx.xx.2019 - 1st Proof Government Notices 2019 2307 By Authority: Government Printing Department, La Tour Koenig 122/11/19 – 1158 OliImac2/Govt Notices/FSC/ 5_Securities (Authorisation of Foreign Investment Dealers) (Amnd) Rules 2019 - 2nd Proof 14/11/19 Government Notice No. 250 of 2019 THE SECURITIES ACT 2005 FSC Rules made by the Financial Services Commission under section 93 of the Financial Services Act 2007 and section 155 of the Securities Act 2005
- These Rules may be cited as the Securities (Authorisation of Foreign Investment Dealers) (Amendment) Rules 2019.
- In these Rules, “principal Rules” means the Securities (Authorisation of Foreign Investment Dealers) Rules 2010.
- The principal Rules is amended by deleting rule 10.
- These Rules shall come into operation on 16 November 2019. Made by the Financial Services Commission on 18 October