s 13 Other licences
13.—(1) Subject to section 14A, no person may act as, or hold the person out as —(a) a commodity broker’s representative; (b) a commodity trading adviser; (c) a commodity trading adviser’s representative; (d) a commodity pool operator; or (e) a commodity pool operator’s representative, unless the person is the holder of a licence granted under this Part that authorises the person to act as such. (2) As from 8 October 2018, subsection (1) ceases to apply to any person who —(a) in relation to subsection (1)(a), is a commodity broker’s representative of a commodity broker mentioned in section 12(2) who does not hold a transitional licence; (b) in relation to subsection (1)(b), commences business as a commodity trading adviser on or after that date; (c) in relation to subsection (1)(c), is a commodity trading adviser’s representative of a commodity trading adviser mentioned in paragraph (b) who does not hold a transitional licence; (d) in relation to subsection (1)(d), commences business as a commodity pool operator on or after that date; or (e) in relation to subsection (1)(e), is a commodity pool operator’s representative of a commodity pool operator mentioned in paragraph (d) who does not hold a transitional licence.[4/2017] (3) A holder of a commodity broker’s licence is not required to hold a commodity trading adviser’s licence. (4) A person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction —(a) for an offence under subsection (1)(b) or (d) to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 3 years or to both; (b) for an offence under subsection (1)(a), (c) or (e) to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 12 months or to both. (5) In this section, “transitional licence” has the meaning given by section 66.[4/2017]