liabilities (1) Without limiting the generality of section 1147, one or
more of the following may be imposed under that section on a futures brokers
licence:
- (a)
- a condition or restriction about limiting the liability that
the licensee may incur in connection with a business of dealing in
futures contracts;
- (b)
- a condition or restriction about incurring, or a condition about
disclosing, liabilities of the licensee that arise otherwise than in
connection with such a business;
- (c)
- a condition or restriction about the licensee's financial position,
whether or not in relation to such a business;
- (d)
- without limiting the generality of paragraph (c), a condition that
the licensee's assets include, or not include, specified assets;
- (e)
- without limiting the generality of paragraph (c), a condition that
the sum of the values of specified assets included in the licensee's assets be
not less than, or not greater than, an amount ascertained in accordance with
the condition.
(2) A condition imposed by virtue of paragraph (1)(e) may provide for the
values of assets to be ascertained, for the purposes of applying the
condition, in a manner specified in, or determined in accordance with, the
condition.
(3) Without limiting the generality of paragraph (1)(e), a condition
imposed by virtue of that paragraph may provide for the amount referred to in
that paragraph to be a specified percentage of the sum of:
- (a)
- the values of
all the licensee's assets; or
- (b)
- the values of specified assets included in the licensee's assets; or
- (c)
- the amounts of all the licensee's liabilities; or
- (d)
- the amounts of specified liabilities included in the licensee's
liabilities.