(1) A person shall not -
(a) purport to issue mortgage covered securities in accordance with this Act,
(b) represent or advertise that the person is a designated mortgage credit institution, or is authorised by this Act to carry on a business involving the issue of mortgage covered securities, or
(c) claim to have the benefits conferred on designated mortgage credit institutions by or under this Act,
unless the person is registered as a designated mortgage credit institution in accordance with this Part.
(1A) A person shall not -
(a) purport to issue commercial mortgage covered securities in accordance with this Act,
(b) represent or advertise that the person is a designated commercial mortgage credit institution, or is authorised by this Act to carry on a business involving the issue of commercial mortgage covered securities, or
(c) claim to have the benefits conferred on designated commercial mortgage credit institutions by or under this Act,
unless the person is registered as a desi
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