Other licences
13.—(1)  Subject to section 14A, no person shall act as, or hold himself out as —
(a)a commodity broker’s representative;
(b)a commodity trading adviser;
(c)a commodity trading adviser’s representative;
(d)a commodity pool operator; or
(e)a commodity pool operator’s representative,
unless he is the holder of a licence granted under this Part that authorises him to act as such.
[22/2001; 35/2007]
(2)  A holder of a commodity broker’s licence shall not be required to hold a commodity trading adviser’s licence.
[22/2001]
(3)  Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction —
(a)for an offence under subsection (1)(b) or (d) to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 3 years or to both;
(b)for an offence under subsection (1)(a), (c) or (e) to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 12 months or to both.
[22/2001; 35/2007]