Maintenance of assets
38. (1) Subject to section 35, the Commission may by notice in
writing require a registered person to maintain in Hong Kong and in
such other place outside Hong Kong as may be specified in the notice,
in such manner as will enable such person at any time freely to
transfer or otherwise dispose of them, assets of such value and of
such class or description as appear to the Commission to be desirable
with a view to ensuring that the registered person will be able to
meet his liabilities in respect of the business carried on by him as
a registered person.
(2) The Commission may direct that for the purposes of any
requirement under this section assets of any specified class or
description shall or shall not be taken into account.
Provisions relating to notices under
section 36, 37, 38 or 40
39. (1) A notice under section 36, 37 or 38 shall remain in
force until it is withdrawn by the Commission under section 40 by a
further notice.
(2) The power under section 36, 37 or 38 to impose, or under
section 40 to withdraw, substitute or vary, a prohibition or
requirement shall be exercisable by written notice served by the
Commission on the person concerned, and any such notice shall take
effect at such time as is specified in the notice not being earlier
than the date of the notice.
(3)
A notice -