Section 120: Interpretation under this Part

120. Interpretation under this Part (1) For the purposes of this Part— (a) any reference to a “licensee” shall include— (i) any person who has been a licensee; (ii) any person who is a present or past officer, partner or controller of the licensee; (iii) any person who ought to have been licensed under this Act; (iv) a collective investment scheme; (v) an SRO; (b) any reference to the “Chief Executive” shall include any person designated by the Chief Executive or the Commission. (2) For the purposes of this Part and sections 42 to 47 and 53 of the Financial Services Act, reference to a licensee shall include a reporting issuer, a member of an exchange and their officers. (3) The Commission shall have, in addition to such powers as are contained in this Part, all the powers conferred on it by virtue of Part VIII and Sub-Part A and Sub-Part B of Part IX of the Financial Services Act. [S. 120 amended by s. 29 of Act 15 of 2007 w.e.f. 28 September 2007.] 121. — [S. 121 repealed by s. 30 of Act 15 of 2007 w.e.f. 28 September 2007.]