14
CAP. 24]
Securities and Futures Commission
[1989 Ed.
4.
Functions of Commission
(1) The Commission shall have the following functions-
(a) to advise the Financial Secretary on all matters relating to securities, futures contracts and property investment arrangements:
(b) without prejudice to any duties imposed or powers conferred on any other person in regard to the enforcement of the law relating to securities, futures contracts and property investment arrangements, to be responsible for ensuring that the provisions of the relevant Ordinances, and the provisions of any other Ordinance so far as they relate to securities, futures contracts and property investment arrangements, are complied with;
(c) to report to the Financial Secretary the occurrence of any dealing in relation to securities which it reasonably believes or suspects to be an insider dealing within the meaning of section 141B of the Securities Ordinance (Cap. 333);
(d) to be responsible for supervising and monitoring the activities of the Exchange Companies and clearing houses;
(e) to take all reasonable steps to safeguard the interests of persons dealing in securities or trading in futures contracts or entering into property investment arrangements;
(f) to promote and encourage proper conduct amongst members of the Exchange Companies and clearing houses, and other registered persons;
(g) to suppress illegal, dishonourable and improper practices in dealing in securities, trading in futures contracts, entering into property investment arrangements, and the provision of investment advice or other services relating to securities, futures contracts and property investment arrangements;
(h) to promote and maintain the integrity of registered persons and encourage the promulgation by registered persons of balanced and informed advice to their clients and to the public generally,
(i) to consider and suggest reforms of the law relating to securities, futures contracts and property investment arrangements;
(j) to encourage the development of securities and futures markets in Hong Kong and the increased use of such markets by investors in Hong Kong and elsewhere;
(k) to promote and develop self-regulation by market bodies in the securities and futures industries;
(l) to perform any other functions conferred by or under any other Ordinance.