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Changes over time for: Section 59
Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 24/06/2003.
Changes to legislation:
There are currently no known outstanding effects for the Criminal Justice Act 1993, Section 59.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
59“Professional intermediary”.U.K.
(1)For the purposes of this Part, a “professional intermediary” is a person—
(a)who carries on a business consisting of an activity mentioned in subsection (2) and who holds himself out to the public or any section of the public (including a section of the public constituted by persons such as himself) as willing to engage in any such business; or
(b)who is employed by a person falling within paragraph (a) to carry out any such activity.
(2)The activities referred to in subsection (1) are—
(a)acquiring or disposing of securities (whether as principal or agent); or
(b)acting as an intermediary between persons taking part in any dealing in securities.
(3)A person is not to be treated as carrying on a business consisting of an activity mentioned in subsection (2)—
(a)if the activity in question is merely incidental to some other activity not falling within subsection (2); or
(b)merely because he occasionally conducts one of those activities.
(4)For the purposes of section 52, a person dealing in securities relies on a professional intermediary if and only if a person who is acting as a professional intermediary carries out an activity mentioned in subsection (2) in relation to that dealing.
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