1989 Ed.]
Securities
[CAP. 333
13
"share" means a share in the capital of a corporation; and includes the stock or any part of the stock of a corporation;
"stockbroker" means a member of the Exchange Company; (Replaced 58 of 1985 s. 33)
"stock market" means a place where persons regularly meet together to negotiate sales and purchases of securities (including prices), or a place at which facilities are provided for bringing together sellers and purchasers of securities; but does not include the office of a stockbroker or of a registered dealing partnership of which a stockbroker is a partner; (Amended 58 of 1985 s. 33)
"title" includes name or description;
"trust account" means a trust account established under section 84; "underwriter" means a person who for remuneration undertakes to subscribe for or purchase on specified terms such specified securities as are offered to the public by a person issuing or selling those securities, but are not subscribed for or purchased by the public; (Amended L.N. 377 of 1981) "Unified Exchange" or "exchange" means the stock market established under section 27 of the Stock Exchanges Unification Ordinance (Cap. 361); (Added 58 of 1985 s. 33)
"unit trust" means any arrangement made for the purpose, or having the effect, of providing facilities for the participation by persons, as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of securities or any other property whatsoever.
(2) In this Ordinance a reference to securities of a corporation is a reference to securities-
(a) issued, made available, or granted by the corporation;
(b) proposed to be issued, made available, or granted by the corporation; or
(c) proposed to be issued, made available, or granted by the corporation when it is formed.
(3) In this Ordinance a security is regarded as listed on the Unified Exchange when the exchange has on the application of the company which issued the security, or on the application of any holder of the security, agreed to allow, subject to the requirements of this Ordinance, dealings in that security to take place on the Unified Exchange. (Amended 58 of 1985 s. 33)
(4) (Repealed 58 of 1985 s. 2)
3. Saving for certain transactions
(1) For the purpose of determining whether or not a person has dealt in securities or has communicated an offer to acquire or dispose of securities, no account shall be taken of his having (whether as principal or as agent)-