Marketable Securities Act 1970
14Regulations
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14 Regulations
14 Regulations
(1) The Governor may make regulations for or with respect to any one or more of the following:
(a) prescribing bodies corporate as authorized trustee corporations,
(b) prescribing interests to which or interests of a class to which Division 5 of Part 4 of the Companies Act 1961 applies as prescribed securities,
(c) prescribing stock exchanges in the State as prescribed stock exchanges,
(d) prescribing any matter or thing that is required or necessary or expedient to be prescribed or provided for the purposes of this Act and without limiting the generality of the foregoing providing for a penalty not exceeding $200 for a breach of or non-compliance with a provision of the regulations.
(2) The regulations shall not prescribe a body corporate as an authorized trustee corporation unless it is a body corporate that in the opinion of the Minister holds in the ordinary course of its business marketable securities for or on behalf of another person.