The object of this Bill is to amend the Securities Act, 2016 so as to —
(a) implement a risk based approach in the supervision and regulation of
capital markets;
(b) revise the supervisory powers of the Commission;
(c) provide corrective measures to an under-capitalised capital markets
operator;
(d) provide for the appointment of an auditor by a licensed person;
(e) revise the powers of the Capital Markets Tribunal;
(f) provide for the immunity of a member of the Capital Markets Tribunal,
a member of staff of the Tribunal and a member of staff of the
Commission;
(g) provide for the regulation of a private fund; and
(h) provide for matters connected with, or incidental to, the foregoing.