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PREVENTION OF FRAUD (INVESTMENTS) ACT (NORTHERN IRELAND) 1940 - SECT 14

14.(1) The Ministry may by order declare any body of persons carrying on in
the United Kingdom the business of dealing in securities to be a
recognised stock exchange or recognised association of dealers in securities
for the purposes of this Act.

(2) Any order under this section may be varied or revoked by a subsequent
order of the Ministry; but an order by virtue of which any body ceases to be a
recognised stock exchange or a recognised association of dealers in securities
shall not take effect until the expiration of the period of three months
beginning with the day on which the order is made.

(3) It shall be a condition of any order under this section that the
recognised stock exchange or recognised association of dealers in securities
to which the order relates shall furnish to the Ministry, so often as may be
prescribed (which shall be not less often than once a year) a list showing
with respect to each person who, at the date on which the list is furnished,
is a member of the stock exchange or of the association, as the case may be,
his name and business address and the style under which he carries on
business, and if the member is a corporation, the name of each of the
directors thereof.

(4) It shall be a condition of any order under this section that the
recognised stock exchange or recognised association of dealers in securities
to which the order relates shall, whenever required by the Ministry so to do,
furnish to the Ministry, with respect to any specified member of the stock
exchange or association, as the case may be, a list of the persons who are for
the time being authorised by that member to deal in securities on his behalf.

© 1940 Crown Copyright

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