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(1) A dealer shall, in respect of a transaction of sale or purchase of securities, give a contract that complies with subsection (2) of this section to-

(a) the person for whom the dealer entered into the transaction where the transaction took place in the ordinary course of business at a stock exchange and the dealer entered into the transaction otherwise than as a principal;

(b) the person for whom the dealer entered into the transaction and the person with whom the dealer entered into the transaction where the transaction does not take place in the ordinary course of business at a stock exchange and the dealer entered into the transaction otherwise than as principal;

(c) the person with whom the dealer entered into the transaction where the transaction did not take place in the ordinary course of business at a stock exchange and the dealer entered into the transaction as principal.

(2) A contract note given by a dealer under subsection (1) shall include-

(a) the name or style under which the dealer carries on his business as a dealer and the address of the principal place at which he carries on business;

(b) where the dealer is dealing as principal with a person who is not the holder of a dealer's licence, a statement that he is so acting;

(c) the name and address of the person to whom the dealer gives the contract note;

(d) the day on which the transaction took place and, if the transaction did not take place in the ordinary course of business at a stock exchange, a statement to that effect;

(e) the number, or amount and description, of the securities that are the subject of the contract;

(f) the price per unit of the securities;

(g) the amount of the consideration;

(i) the amounts of all stamp duties or other duties and taxes payable in connection with the contract; and

(j) if an amount is to be added or deducted from the settlement amount in respect of the right to a benefit purchased or sold together with the securities, the amount and the nature of the benefit.

(3) A dealer shall not include in a contract note given under subsection (1), as the name of the person with or for whom he has entered into the transaction, a name that he knows, or could reasonably be expected to know, is not the name by which that person is ordinarily known.

(4) A reference in this section to a dealer dealing, or entering into transaction, as principal includes a reference to a person-

(a) dealing or entering into a transaction on behalf of a person associated with him;

(b) dealing in securities on behalf of a body corporate in which he has a controlling interest; or

(c) where he carries on business as a dealer on behalf of a body corporate in which his interest and the interest of his directors together constitute a controlling interest.

(5) For the purposes of this section-

(a) a dealer who is a member of a stock exchange shall not be taken to have entered into a transaction as principal by reason only that the transaction was entered into with another dealer who is a member of a stock exchange; and

(b) a transaction takes place in the ordinary course of business at a stock exchange if it takes place in prescribed circumstances or is a transaction that is a prescribed transaction for the purpose of this section.

(6) Notwithstanding section 144, a person is not associated with another person for the purposes of this section by reason only that he is a director of a body corporate of which the other person is also a director, whether or not the body corporate carries on a business of dealing in securities.