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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 1 August 2004 - onwards
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74. Power to make determinations for breaches of conditions or requirements.

Repealed from 1 August 2004

(1) Without prejudice to any other powers of a supervisory authority under this Act, where it appears on the basis of information provided by an authorised officer or an inspector appointed under section 73 of this Act, that there has been a breach by an investment business firm or professional body of a condition or requirement imposed by the supervisory authority under any or all of the sections to which this section applies the supervisory authority may -

(a) apply to the Court in a summary manner for a determination that there has been a breach of a condition or requirement, or

(b) notify the investment business firm or professional body.

(2) This section applies to the following sections, namely, sections 10 (2), 10 (6), 10 (7), 10 (8), 10 (12) (b), 10 (13), 10 (15), 13 (2) (a), 13 (5), 14 (1), 14 (4), 15 (1), 18 (1), 18 (4), 18 (7), 23 (2), 23 (3), 29, 32 (1), 33 (2), 37 (1), 42 (1), 52 (1), 56 (2), 57 (2) (a), 57 (3) and 58 (1) of this Act.

(3) A notification under subsecti

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