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(1) A broker-dealer or an investment adviser shall

(a) constantly monitor the position of its liquid funds and introduce additional funds whenever its liquid funds fall below the minimum specified within 3 business days of the shortfall arising; and

(b) Immediately notify the Commission and the stock exchange of which it is a member when its liquid funds fall below the minimum specified.

(2) Without prejudice to the generality of these Regulations, the Commission may require a broker-dealer or investment adviser to introduce funds to enhance its liquidity within a specified period and the broker-dealer or the investment adviser shall do so within the specified period.

(3) Any broker-dealer or investment adviser who fails to introduce additional funds within the time specified under regulation 23 (1) is liable to pay a penalty of ¢1 million for each day the default subsists and shall have its licence suspended if the period of default exceeds 30 days.