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Futures Industry Act 1986

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FUTURES INDUSTRY ACT 1986 No. 72, 1986
FUTURES INDUSTRY ACT 1986 No. 72 of 1986 - TABLE OF PROVISIONS
TABLE OF PROVISIONS PART I-PRELIMINARYSection 1. Short title 2. Commencement 3. Object 4. Interpretation 5. Agreements 6. Associated persons 7. Dealing in futures contracts 8. Dealings and transactions on a person's own account 9. Discretionary accounts 10. Exempt brokers 11. Certain persons not to be taken to be recognised licensees PART II-ADMINISTRATION Division 1-General 12. Interpretation 13. Power of Commission to require production of books 14. Power of magistrate to issue warrant to seize books 15. Offences 16. Copies or extracts to be admitted in evidence 17. Privilege 18. Disclosure to Commission 19. Investigation of certain matters 20. Power of Court to make certain orders Division 2-Investigations 21. Interpretation 22. Investigations 23. Conduct of investigations 24. Powers of Commission and inspectors appointed under corresponding laws 25. Powers of inspectors 26. Investigation deemed to be a proceeding 27. Record of examination 28. Record to accompany report 29. Admissibility of record of examination in evidence in proceedings against person examined 30. Admissibility in other proceedings of statements made at an examination 31. Weight of evidence 32. Credibility of person who made statements 33. Determination of objection to admissibility of statements 34. Delegation by inspector 35. Reports of investigations 36. Report of inspector 37. Commission's powers in respect of books 38. Privileged communications 39. Expenses of investigation 40. Concealing, &c., of books relating to futures contracts 41. Power of Commission to make certain orders 42. Certain powers not to be delegated Division 3-Futures Consultative Committee 43. Constitution and functions of Futures Consultative Committee 44. Meetings of Futures Consultative Committee PART III-FUTURES EXCHANGES, CLEARING HOUSES AND FUTURES ASSOCIATIONS 45. Establishment of futures markets 46. Power of Ministerial Council to approve futures exchange 47. Provision of clearing house facilities 48. Power of Ministerial Council to approve clearing house 49. Publication of instruments executed under section 40, 41 and 43 50. Power of Ministerial Council to approve futures association 51. Suspension or cancellation of approval 52. Notification of approval, &c., of futures association 53. Appeal to the Court against certain decisions of futures exchanges and futures associations 54. Commission to be notified of amendments of business rules 55. Orderly markets in futures contracts-functions and powers of futures exchanges and clearing houses 56. Orderly markets in futures contracts-powers of Commission 57. Futures exchanges and others to assist Commission 58. Power of Court to order observance or enforcement of business rules of futures exchange, clearing house or futures association 59. Effect of certain laws on certain agreements PART IV-LICENCES 60. Proclaimed day 61. Futures broker's licence
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62. Futures broker's representatives 63. Futures advisers 64. Futures adviser's representatives 65. Application for grant of licence 66. Grant of futures broker's licence or futures adviser's licence 67. Grant of representative's licence 68. Change of principals of representative 69. Conditions to which licence is subject 70. Holder of licence to notify prescribed bodies of breach of condition or restriction applicable to licence 71. Furnishing of information and statements to Commission 72. Register of Licence Holders 73. Notification of change in particulars 74. Annual statement to be lodged with Commission 75. Time for lodging annual statement 76. Commission may extend period for lodging statement 77. Revocation and suspension of licences 78. Further provisions relating to revocation and suspension of licences 79. Holder of licence to be deemed not to be holder while licence suspended 80. Opportunity for hearing PART V-CONDUCT OF FUTURES BUSINESS 81. Certain representations prohibited 82. Undesirable advertising 83. Issue of contract notes 84. Futures broker to furnish monthly statement to client 85. Dealings by futures broker on own account 86. Segregation of client money and property 87. Futures broker to give certain information to prospective clients PART VI-ACCOUNTS AND AUDIT 88. Interpretation 89. Application of Part 90. Accounts to be kept by futures brokers 91. Property in custody of futures broker 92. Appointment of auditor by futures broker 93. Removal and resignation of auditors 94. Fees and expenses of auditors 95. Futures brokers' accounts 96. Auditor's right of access to records, information, &c. 97. Auditor to report to Commission in certain cases 98. Certain matters to be reported to Commission 99. Defamation 100. This Part not to affect right of futures exchange or futures association to impose obligations, &c., on members 101. Power of Court to restrain dealings with futures broker's accounts 102. Duty of banker or body corporate to make full disclosure 103. Power of Court to make further orders and give directions 104. Power of Court to make order relating to payment of money PART VII-FIDELITY FUNDS