s 147 Directions to primary dealers
147.—(1) The Authority may give directions to be observed by any primary dealer or class of primary dealers —(a) to ensure the continuity or reliability of the provision of services by the primary dealer or class of primary dealers to its customers; or (b) in the public interest.[9/2013; 31/2017] (2) A direction under subsection (1) —(a) must require the primary dealer or every primary dealer in that class of primary dealers concerned (according to the circumstances of the case) to do, or not to do, such things as are specified in the direction or are of a description as specified therein, including but not limited to the manner in which the primary dealer conducts the business referred to in section 145(1) with its customers; (b) takes effect at such time, being the earliest practicable time, as is determined by or under that direction; and (c) may be varied or revoked at any time by the Authority.[9/2013; 31/2017] (3) Every primary dealer must comply with every direction of the Authority given to the dealer under this section.[9/2013] (4) It is not necessary to publish any direction under subsection (1) in the Gazette.[9/2013]