Section 50D, The Other Financial Services (Amendment) Act, 2007.

(1) The Central Bank may grant or renew a licence underthis Part, subject to such conditions or restrictions as it thinks fit and the Central Bank may, at any time, by written notice to a licence holder, vary any condition or restriction in relation to the licence. (2) Without limiting the generality of subsection (1), the Central Bank may , in granting or renewing an investment adviser’s licence, impose a condition or restriction as to the class of business that the investment adviser may carry on, including a condition or restriction that- (a) he shall only carry on the class of business of advising others concerning securities; or (b) he shall only carry on the class of business of issuing or promulgating analyses in reports concerning securities; or (c) he shall carry on any of the classes of business in paragraphs (a) or (b) in combination with each other. (3) Without limiting the generality of subsection(1), the Central Bank may, in granting or renewing a fund manager’s licence, impose a condition or restriction as to the class of business that the fund manager may carry on, including a condition or restriction that he shall only carry on a class of business involving the management of a portfolio of securities on behalf of clients for investment purposes. (4) The Central Bank may also by written notice to a licence holder suspend, cancel, restrict or impose terms and conditions on the right of the licence holder to - (a) call at any residence; or (b) telephone or communicate electronically with any residence in Sierra Leone; for the purpose of dealing in any securities. (5) A person who contravenes or fails to comply with any condition of, or restriction in his licence, commits an offence, and shall be liable on conviction to a fine not exceeding Le5,000,000 or to imprisonment for a term not exceeding two years or to both such fine and imprisonment (6) In this section “residence” includes any building or part of a building where the occupant resides either permanently or temporarily.