Examples of Finance Brokers Act in a sentence
Licence condition revoked on commencement day If a licence issued under the Finance Brokers Act has a condition to the effect that a licence does not confer the right for a licensee to carry on business as a finance broker unless he or she also holds a business certificate in respect of that licence, that condition is revoked on the commencement day.
Bond in respect of business certificate On and after the commencement day, a bond or guarantee entered into under section 35 of the Finance Brokers Act continues to have effect as if the bond or guarantee was entered into in relation to the licensee’s licence held (by virtue of clause 8) under the Finance Brokers Control Act 1975 after the commencement day.
Persons licensed, but without a business certificate, under the Finance Brokers Act before the commencement day (1) A licence issued under the Finance Brokers Act within 3 years of the commencement day and that does not have a business certificate associated with it is, on that day, to be taken to be a licence of the appropriate category under the Finance Brokers Control Act 1975 for a period equal to 3 years from the day of its issue.
Final report (1) As soon as practicable after the commencement day, the Chairman of the Board immediately before the commencement day shall prepare a report on the Board’s activities under the Finance Brokers Act for the period beginning on the day after the period for which the last report was submitted under section 86 of the Finance Brokers Act and ending on the commencement day and submitting that report to the Minister.
If a licence issued under the Finance Brokers Act has a condition to the effect that a licence does not confer the right for a licensee to carry on business as a finance broker unless he or she also holds a business certificate in respect of that licence, that condition is revoked on the commencement day.
On and after the commencement day, a bond or guarantee entered into under section 35 of the Finance Brokers Act continues to have effect as if the bond or guarantee was entered into in relation to the licensee’s licence held (by virtue of clause 8) under the Finance Brokers Control Act 1975 after the commencement day.
In subclause (1) — transitional matter means a matter or thing necessary or convenient to provide for the change from the Finance Brokers Act, to the Finance Brokers Control Act 1975 as in force after the commencement day.
As described above, the relief that the Foreign Representatives seek in this Motion is immediately necessary in order for the Foreign Representatives to be able to commence the Liquidation immediately the value of its estate.
As soon as practicable after the commencement day, the Chairman of the Board immediately before the commencement day shall prepare a report on the Board’s activities under the Finance Brokers Act for the period beginning on the day after the period for which the last report was submitted under section 86 of the Finance Brokers Act and ending on the commencement day and submitting that report to the Minister.
In this Schedule, unless the contrary intention appears — Board means the Finance Brokers Supervisory Board as constituted under the Finance Brokers Act; [s.