| No. |
Registered Company by Securities Activity |
Definition |
| 1 |
Trading in securities as agent |
a) buying, selling, subscribing for or underwriting securities as an agent; or |
| 2 |
Trading in securities as principal |
b) buying, selling, subscribing for or underwriting securities as principal where the person entering into that transaction –
- holds himself out as willing, as principal, to buy, sell or subscribe for securities of the kind to which the transaction relates at prices determined by him generally and continuously rather than in respect of each particular transaction;
- holds himself out as engaging in the business of underwriting securities of the kind to which the transaction relates; or
- regularly solicits members of the public with the purpose of inducing them, as principals or agents, to buy, sell, subscribe for or underwrite securities and such transaction is entered into as a result of such person having solicited members of the public in that manner. 582 Securities Industry [No. 46 114 Securities Industry
c) For the purposes of this section, “members of the public” means any person other than a person –
- referred to in paragraphs 1, 2, or 3 of Part 4;
- regulated by the Commission;
- regulated by a recognised overseas regulatory authority; or
- as prescribed.
|
| 3 |
Managing Securities |
Managing securities belonging to another person in circumstances involving the exercise of discretion, including acting as a manager of a mutual fund. |
| 4 |
Providing investment advice |
Advising a person on securities, including acting as the investment adviser of a mutual fund, if the advice is –
- given to the person in his capacity as an investor or potential investor or in his capacity as agent for an investor or a potential investor; and
- advice on the merits of his doing any of the following (whether as principal or agent) –
- buying, selling, subscribing for or underwriting a particular security; or
- exercising any right conferred by a security to buy, sell, subscribe for, or underwrite a security.
|
| 5 |
Arranging transactions in securities |
Making arrangements with a view to –
- another person (whether as a principal or an agent) buying, selling, subscribing for or underwriting securities; or
- a person, who participates in the arrangements, buying, selling, subscribing for or underwriting securities.
|
| 6 |
Providing custodial services with respect to securities |
Acting as custodian or depository of assets belonging to another person, including acting as a custodian or trustee of a mutual fund, where –
- those assets include securities falling within paragraphs 1 to 6 of Part 1 of this Schedule; or
- the custodial or depository arrangements are such that those assets may include securities specified in sub-paragraph (a) of this section and the arrangements have at any time been held out as arrangements under which securities would be safeguarded
|
| 7 |
Providing administration services with respect to securities |
Administering or arranging for the administration of assets belonging to another person, including acting as an administrator, registrar or transfer agent of a mutual fund, where
- those assets include securities falling within paragraphs 1 to 6 of Part 1 of this Schedule; or
- the administration arrangements are such that those assets may include securities specified in sub-paragraph (a) of this section and the arrangements have at any time been held out as being arrangements under which securities would be administered.
|
