Corporate Finance Advisor

Corporate Finance Advisor

“Corporate finance advisor” means any person who for a fee or commission engages in the business of providing advice, on-

(i) compliance with or in respect of fund raising requirements as provided for under this Act;

(ii) compliance with the listing requirements of an exchange licensed under this Act;

(iii) structuring of financial products; or

(iv) schemes of arrangement, schemes of restructuring or takeovers of a listed public company, but shall not include –

(A) any attorney-at-law in practice who engages in giving advice in relation to any of the above solely incidental to the practice of his profession;

(B) any accountant in practice who engages in corporate finance advice solely incidental to the practice of his profession; or

C) any company which engages in corporate finance advice solely for its benefit or for any of its related companies.

Application for a licence or renewal of a licence as a market intermediary

An application for the purpose of a licence or renewal of the licence shall be made to the Commission in such form together with such documents as may be specified by the Commission by way of rules accompanied by such fee as may prescribed. An application for renewal of a licence shall be made three months prior to the expiry of the licence, accompanied by the renewal fee as may be prescribed.

Duration of licence of a market intermediary

A licence that has been granted to a Market Intermediary shall be valid for a period of twelve months from the date of issue of the licence. A licence that has been renewed shall continue to be in force for a further period of twelve months or such later date as may be specified by the Commission commencing on the date upon which it would have expired but for its renewal.