1989 Ed.]
Stock Exchanges Unification
[CAP. 361
9
(b) any mandate given by the client of each member as to dealings on
the Unified Exchange on that client's behalf;
(c) any agreement under which such member acts as an agent of a member of a foreign stock exchange as defined for the purposes of the Securities Ordinance (Cap. 333);
(d) any other transaction undertaken in the ordinary course of
stockbroking business.
PART III
THE UNIFIED EXCHANGE
(Replaced 59 of 1985 s. 9)
2
27. The Unified Exchange
(1) On and after a day† to be appointed by the Financial Secretary by notice in the Gazette, the Exchange Company shall have the exclusive right to establish, operate and maintain a stock market in Hong Kong.
(2) The Financial Secretary shall appoint a day under subsection (1), which shall not be later than 3 years after the date of commencement of this Ordinance.
(3) The stock market established under subsection (1) shall, for the purposes of this Ordinance, be known as the Unified Exchange.
(4) The members of the Exchange Company shall be the members of the Unified Exchange. (Amended 59 of 1985 s. 10)
28. (Repealed 10 of 1989 s. 65)
29. Premises of the Unified Exchange
(1) The Exchange Company shall at all times on and after the appointed day maintain to the satisfaction of the Commission adequate and properly equipped premises for the conduct of the business of the Unified Exchange.
(2) The Exchange Company shall not use any premises for the purposes of a trading floor or for any ancillary purposes or functions of the Unified Exchange without the prior approval of the Commission.
† Note: The appointed day is 2 April 1986- See L.N. 61 of 1986. See also the Stock Exchanges
Unification (Extension of Period) (Consolidation) Order (Cap. 361 sub. leg.)
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