Section 12Part 1 — Securities Investment Business Act
Guidance notes
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The Authority may, after consultation with the Minister with responsibility for financial services and such persons as the Authority considers representative of the conduct of securities investment business, issue guidance notes for the purpose of giving practical guidance with respect to this Law and any regulations made under section 11 .
The Authority shall publish in the Gazette any guidance notes and such notice shall indicate the date on which the guidance notes come into effect.
The Authority may also adopt any rules or codes issued by the Exchange or any recognised securities organisation and shall give notice of such adoption in the Gazette.
In determining whether a person has complied with any of the requirements under this Law or any regulation made under it —
a court shall take into account any relevant guidance notes issued under subsection (1) which apply to that person; and
a court may take into account any other relevant guidance issued by a body that regulates, or is representative of, any trade, profession, business or employment carried on by that person.