59BAgreements with unlicensed persons

##### 59B Agreements with unlicensed persons Where, during a period when a person (in this Division called the non‑licensee): (a) in contravention of section 43, carries on, or holds himself, herself or itself out as carrying on, a securities business; or (b) in contravention of section 45, carries on an investment advice business or holds himself, herself or itself out to be an investment adviser; the non‑licensee and a client of the non‑licensee enter into an agreement that: (c) constitutes, or relates to, a dealing or proposed dealing in securities; or (d) relates to advising the client about securities, or giving the client securities reports; sections 59C to 59L, inclusive, apply, whether or not anyone else is a party to the agreement.