CAP. 361]
Stock Exchanges Unification
[1989 Ed.
(d) fails to make any deposit or payment into any compensation fund established under Part X of the Securities Ordinance (Cap. 333) in respect of the Unified Exchange; or
(e) is being wound up or ceases to operate the Unified Exchange.
(Amended 59 of 1985 s. 12)
(2) The Commission shall give to the Exchange Company not less than 14 days' notice in writing of its intention to withdraw its recognition under subsection (1) and the notice shall specify the grounds therefor.
(3) Any withdrawal of recognition by the Commission under this section shall take effect immediately, notwithstanding that an appeal has been made or may be made under section 37.
(4) Nothing in this section shall derogate from any power given to the Commission under the Securities Ordinance (Cap. 333) in respect of the closure of the Unified Exchange. (Amended 10 of 1989 s. 65)
37. Appeal against withdrawal of recognition
(1) Where the Commission withdraws its recognition under section 36, the Exchange Company may, within 14 days after the publication in the Gazette of the notice of withdrawal, appeal to the Governor in Council against the withdrawal.
(2) After considering any appeal under subsection (1), the Governor in Council may confirm, reverse or vary the decision of the Commission; and the decision of the Governor in Council shall be final.
38. (Repealed 10 of 1989 s. 65)
39. Commission may prosecute
Without prejudice to the provisions of any other enactment relating to the prosecution of criminal offences, and without prejudice to the powers of the Attorney General in relation to the prosecution of such offences, the Commission may institute proceedings in respect of any offence against this Ordinance.
40. Extensions of time
(1) The Governor in Council may by order extend the period prescribed under section 27(2).
(2) The Financial Secretary may, on the advice of the Commission and either generally or in a particular case, extend the time prescribed or allowed for the doing of any act or thing under section 9, 19(1) or (3), 20(1), 23(1), 24(1), 26(2), 28(2) or 35(3),
or 35B(3)
(Amended 10 of 1989 s. 65)