the Commission shall be substituted for that of the Company and the
proceedings shall not abate by reason of such substitution.
(8) The Stamp Duty Ordinance (Cap. 117) shall not apply to the
vesting in the Commission of property or rights transferred by this
section.
Transitional
60. (1) The Securities Commission Disciplinary Committee as
constituted immediately prior to the establishment day shall continue
in existence for the purposes of completing any inquiry commenced
under section 39 of the Securities Ordinance (Cap. 333), or hearing
any appeal commenced under section 58 of that Ordinance, prior to
that date but not at that date completed or disposed of, and for the
purposes of this subsection
-
(a)
(b)
any such inquiry or appeal may be continued and completed
or disposed of; and
any order or decision of the Disciplinary Committee so
constituted may be made or given and shall have the same
force and effect,
as if this Ordinance had not been enacted.
(2) Any proceedings before a Disciplinary Committee or an
Appeals Committee appointed under section 66 of the Commodities
Trading Ordinance (Cap. 250) commenced prior to the establishment day