Not exact matches
Investors should be aware that depending upon
whether or not such products constitute «futures contracts» or «securities» under the SFO, it may be illegal for such exchanges to offer these services without an appropriate
licence or authorisation from the SFC.. In some cases, these exchanges may
operate entirely outside the SFC's jurisdiction.
The CTA is reviewing
whether indirect air service providers, or those who do not
operate any aircraft but market and sell air services to the public, should be required to hold agency
licences.
But just a week after the company started selling tickets, it hit some turbulence over
whether it needed a
licence to
operate.
[
Whether EIIB's
operating strategy even requires a banking
licence remains a subject for debate].
Meanwhile, earlier this month, the Federal Court of Appeal agreed to hear an appeal by air passenger rights advocate Gabor Lukacs over
whether the CTA has the jurisdiction to permit NewLeaf to
operate without a
licence, arguing that other companies that have
operated under similar business models have been required to hold
licences.
But a week after the company started selling tickets, it hit some turbulence over
whether it needed a
licence to
operate.