Section 1 — Establishment of the Commission Section 2 — Object of the Commission Section 3 — Functions of the Commission Section 4 — Governing body of the Commission Section 5 — Tenure of office Section 6 — Meetings of the Board Section 7 — Disclosure of interest Section 8 — Establishment of committees Section 9 — Allowances Section 10 — Ministerial directives Section 11 — Appointment of Director-General Section 12 — Appointment of Deputy Directors-General Section 13 — Appointment of other staff Section 14 — Funds of the Commission Section 15 — Levies payable to the Commission Section 16 — Accounts and audit Section 17 — Annual report and other reports Section 18 — Establishment of Administrative Hearings Committee Section 19 — Submission of complaints and examination of issues Section 20 — Representation before the Hearings Committee Section 21 — Proceedings of the Hearings Committee Section 22 — Referral of final decisions of Hearings Committee Section 23 — Appeals from decisions of the Board with reference to the Hearings Committee Section 24 — Power of Commission to require production of hooks Section 25 — Action on production or non-production of books Section 26 — Searches Section 27 — Non-disclosure of information from books Section 28 — Incriminating statement Section 29 — Penalties Section 30 — Period for keeping records and books Section 31 — Admission in evidence of copies or extracts of books Section 32 — Savings for lawyers Section 33 — Disclosure of acquisition or disposal of securities to the Commission Section 34 — Suspicion regarding breach of specified provisions Section 35 — investigation of certain matters Section 36 — inspection by Commission Section 37 — Power to request bank account records Section 38 — Power of court to make certain orders Section 39 — Statements of principle Section 40 — Exchange of information and mutual assistance Section 41 — Co-operation in securities regulation Section 42 — Establishment of securities exchanges Section 43 — Power of Commission to approve a securities exchange Section 44 — Approval by Commission of amendments to roles Section 45 — Provision of assistance by securities exchange to the Commission Section 46 — Disciplinary power of the Commission Section 47 — Observance or enforcement of roles of a securities exchange Section 48 — Directives to a securities exchange Section 49 — Prohibition of trading in particular securities Section 50 — Recognition of a self-regulatory organization Section 51 — Rules of a self-regulatory organization Section 52— Restriction on decision-making Section 53 — Obligations of officers of a self-regulatory organization Section 54 — Directives by Commission to self-regulatory organization Section 55 — Termination of arrangements and revocation of recognition Section 56 — Amendments to the constitution of a self-regulatory organization Section 57 — Protection of self-regulatory organization Section 58 — Annual report of self-regulatory organization Section 59 — Prohibition to operate unit trust without licence Section 60 — Manager and trustee Section 61 — Trust deed Section 62 — Application for licence to operate a unit trust Section 63 — Licence to operate a unit trust Section 64 — Prohibition of activities in unlicensed unit trust Section 65 — Interest of investors in unit trust and pricing of unit Section 66 — Scheme particulars Section 67 — Redemption of units Section 68 — Duties and powers of a manager of a unit trust Section 69 — Duties and powers of trustee Section 70 — Prohibited transactions by manager Section 71 — Prohibition of operation of mutual fund without licence Section 72 — Appointment of a manager and custodian Section 73 — Application for a mutual fund licence Section 74 — Licence for operation of mutual fond Section 75 — Interest of an investor in a mutual fund Section 76 — Exemption from specific provisions of the Companies Act Section 77 — Regulations of a mutual fund Section 78 — Directions by directors of a mutual fund Section 79 — Custodian of mutual fund and its duties Section 80 — Duties of directors of a mutual fund Section 81 — Duties of a manager of a mutual fund company Section 82 — Spread of investments and restrictions Section 83 — Prohibition of increase in charges, fees and other costs Section 84 — Unit Trust and mutual fund company annual fee for licence Section 85 — Inconsistency with this Act and tire Regulations Section 86 — Changes in unit trust and mutual fund Section 87 — Change and retirement of trustee or custodian Section 88 — Change of manager of unit trusts and mutual funds Section 89 — Retirement of manager Section 90 — Liability of manager, director, trustee and custodian Section 91 — Prohibited transactions under mutual fond Section 92 — Limitation on securities in which officers have interest Section 93 — Limitation on nil-paid or partly paid securities Section 94 — Unlimited liability Section 95 — Register of investors Section 96 — Rectification by court Section 97 — Register of unit trust and mutual fund Section 98 — Appointment of temporary manager of a scheme Section 99 — Termination of scheme Section 100 — Termination by manager Section 101 — Termination by court Section 102 — Winding up of a unit trust scheme Section 103 — Revocation of licence of a scheme Section 104 — Suspension of licence of unit trusts and mutual funds Section 105 — Winding up of a mutual fund company Section 106 — Cancellation of licence Section 107 — Unauthorized schemes and use of words '‘mutual fund” or ‘'unit trust” Section 108 — General penalty Section 109 — Licences Section 110 — Exemption from obtaining licence of a representative Section 111 — Application for licence or renewal Section 112 — Grant or refusal of licence of a market operator Section 113 — Grant or renewal of licence to representatives of market operators Section 114 — Banks and other financial institutions doing business in the capital market Section 115 — Changes by die Commission to licensing requirements Section 116 — False statements Section 117 — Enquiries into securities transactions Section 118 — Imposition of conditions or restrictions Section 119 — Period of licence Section 120 — Notification of change of particulars Section 121 — Register of licence holders Section 122 — Revocation or suspension of licences Section 123 — Power to reprimand or disqualify Section 124 — Operation pending renewal of licence Section 125— Application of this Part Section 126 — Register of securities Section 127 — Notice of particulars to Commission Section 128 — Defence to prosecution Section 129 — Production of register Section 130 — Particulars of independent financial analysts Section 131 — Extract of register Section 132 — Prohibited representations Section 133 — Issue of contract notes Section 134 — Disclosure of interests in securities Section 137 — Provision of unsecured credit Section 138 — Prevention of money laundering, terrorism financing and other illegal activities Section 139 — Broker-dealer to give priority to orders of clients Section 140 — Handling of money of client by broker-dealers and other licensees Section 141 — Right to vest securities through sale Section 142 — Securities lending and borrowing Section 143 — Margin trading and financing Section 144 — Advertisements and protection of consumers of financial services Section 145 — Registration of securities Section 146 — Professional service providers Section 147 — False trading and market rigging transactions Section 148 — Stock market manipulation Section 149 — False or misleading statements Section 150 — Fraudulently including persons to deal in securities Section 151 — Dissemination of information about illegal transactions Section 152 — Employment of manipulative and deceptive devices Section 153 — Prohibition of dealings in securities by insiders Section 154 — Penalties Section 155 — Convicted persons liable to pay compensation Section 156 — Application of this Part Section 157 — Accounts to be kept by broker-dealers Section 158 — Securities documents in custody of broker-dealer Section 159 — Trust account of broker-dealer Section 160 — Purposes for which money may be withdrawn from a trust account Section 161 — Appointment and qualification of auditor Section 162 — Removal and resignation of auditors Section 163 — Fees and expenses of auditors Section 164 — Accounts and repotting requirements of broker-dealer Section 170 — duty of bank to make full disclosure Section 171 — Power of Court to make further orders and give directions Section 172 — Power of Court to make order relating to payment of moneys Section 173 — Commission to apply for hearings in camera Section 174 — Establishment of fidelity fund Section 175 — Moneys constituting fidelity fund Section 176 — Fond to be kept in separate bank account Section 177 — Payments out of fidelity fund Section 178 — Accounts of fidelity fund Section 179 — Management Committee of die fidelity fund Section 180 — Minimum amount in the fidelity fund Section 181 — Protection of the fidelity fund in the event of any redaction Section 182 — Levy of liabilities Section 183 — Advances to fidelity fund Section 184 — Investment of fidelity found Section 185 — Application of fidelity fund Section 186 — Claims against fidelity fund Section 187 — Notice calling for claims against fidelity fund Section 188 — Power of governing body to settle claims Section 190 — Power of governing body to require production of securities Section 191 — Bights of claimant on payment from fidelity fond Section 192 — Payment of claims only from fidelity fund Section 193 — Provision where fund is insufficient to meet claims or where claims exceed total amount payable Section 194 — Power of governing body to enter into contracts of insurance Section 195 — Application of insurance moneys Section 196 — interpretation Section 197 — Accounts and audit of issuers and licensees Section 198 — Restriction on use of name “stock exchange*’ or “securities exchange” Section 199 — Offences by directors and executive officers Section 200 — Falsification of records by directors, employees and agents Section 201 — False reports to Commission or securities exchange Section 202 — Oath and confidentiality Section 203 — Power of court to prohibit payment or transfer of money, securities or other property Section 204 — Freezing of assets Section 205 — Enforceable undertakings Section 206 — Penalties Section 207 — Prosecution of offences Section 208 — Publication Section 209 — Codes, directives, guidelines and circulars of the Commission Section 210 — Power to grant exemptions and waivers Section 211 — Interest in securities Section 212 — Associated person Section 213 — Stock Exchange to refer to other exchanges Section 214 — Mandatory trade through commodity exchange Section 215 — Regulations Section 216 — Interpretation Section 217 — Repeals and savings Section 218 — Modification of application of sections 147 and 148 to a stock market outside the country Section 219 — Transitional provisions