Section 42
of Securities Markets Regulations, 2015
Section 42
The holder of a representative~ s licence must satisfy the following
{a)
remain fit and proper at all times as required by the Order and these Regulations;
{b)
comply with the Order, these Regulations, any guidelines and any written laws that may govern the business activities conducted;
{c)
does not allow any unlicensed person to perform any licensed regulated activities on his behalf;
{d)
ensure that licensed regulated activity is conducted efficiently, honestly and fairly; and
{e)
return his representative's licence to the Authority if it is cancelled upon variation, revoked or if he ceases to conduct licensed regulated activities.
Know your clienfs requirements.