Securities Markets Order, 2013 · s 257

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s 257Notification of changes and events

( 1)

This section applies to regulated persons who are licensed under this

Order.

(2)

Licensees referred to in subsection ( 1) shall pay administrative charges to the Authority as it may determine.

(3)

A licensee who fails to notify the Authority by the period specified in each relevant section or by any period determined shall, in addition thereto, pay a late payment penalty in an amount not exceeding $50,000, and in the case of a continuing offence, to a further fine not exceeding $5,000 for every day after or part thereof during which the offence continues after conviction.