s 57 Prohibition of use of certain titles
57.—(1) No person other than a clearing house may —(a) take or use the title “clearing house”; or (b) take or use, or have attached to or exhibited at any place, any title which resembles the title specified in paragraph (a) or so closely resembles the title as to be calculated to deceive.[35/2007] (2) A person who is not a commodity broker, commodity trading adviser or commodity pool operator must not —(a) take or use the title or description “commodity broker”, “spot commodity broker”, “commodity trading adviser”, “commodity pool operator” or “spot commodity pool operator”; or (b) take or use, or have attached to or exhibited at any place, any title or description that resembles the titles specified in paragraph (a) or so closely resembles the titles as to be calculated to deceive. (3) A person who contravenes this section shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 and, in the case of a continuing offence, to a further fine of $2,000 for every day during which the offence continues after conviction.