15Holder to notify ineligibility

15 Holder to notify ineligibility

(1) If the holder of a tradex order: (a) becomes aware that the holder was ineligible to apply for the order; or (b) becomes ineligible to hold the order; the holder must, within 7 days after becoming aware as mentioned in paragraph (a) or becoming ineligible as mentioned in paragraph (b), give notice to the Secretary in accordance with subsection (2).

Note: The Secretary has power to extend the period referred to in subsection (1) (see section 43).

(2) The notice must: (a) be in writing; and (b) be in accordance with the approved form; and (c) state the tradex number allocated to the order; and (d) state that the holder was ineligible to apply for the order, or has become ineligible to hold the order, as the case may be; and (e) set out particulars of the circumstances that gave rise to the ineligibility; and (f) contain such other information as the form requires; and (g) be signed in the manner indicated in the form; and (h) be lodged with the Secretary.