Section 33
Substitution of section 104
of Capital Markets and Services (Amendment) Act 2011
Amendment ActIn forceProvision 33 of 75
Section 33
The principal Act is amended by substituting for section 104
the following section:
“Sequence of sending and carrying out of orders
Quoted provision
Section 104
(1)
A holder of a Capital Markets Services Licence who carries on the business of dealing in derivatives shall not instruct another holder to carry out the instructions of the first-mentioned holder’s client unless the consent of that client has been obtained.