Section 63: Types of securities business

1) For the purposes of this Act, the securities business shall be divided into the following types:-

(a) Securities brokerage,

(b) Securities trade,

(c) Issue and sales management,

(d) Investment Management,

(e) Investment consultancy service,

(f) Collective investment fund management,

(g) Securities registration or securities central deposit service or custodial service,

(h) Service relating to the settlement of the account of securities transactions,

(i) Market maker,

(j) Such other business as may be specified by the Board to be a securities business.

2) The scope and other provisions of the securities business referred to in sub-section (1) shall be as prescribed.