1988 Ed.]
Securities (Disclosure of Interests) (Exclusions) Regulations
[CAP. 396
A 1
[Subsidiary]
SECURITIES (DISCLOSURE OF INTERESTS) (EXCLUSIONS) REGULATIONS
(Cap. 396, section 53)
I
L.N. 237/88--
Citation
1. These regulations may be cited as Securities (Disclosure of Interests) (Exclusions) Regulations.
Interpretation
2. In these regulations, unless the context otherwise requires-
"bank" means a body corporate incorporated in Hong Kong and holding a banking licence issued under the Banking Ordinance (Cap. 155);
"conditional offer" means an offer for shares of a corporation made to the holders of all the shares or all the shares of a particular class other than (in either case) shares held by or on behalf of
(a) the offeror;
(b) the offeror's holding company, the offeror's subsidiary or a subsidiary of the offeror's holding company; or
(c) any person who has agreed that the offer should not be made in respect of shares he holds,
and subject to the condition that acceptances are received in respect of such proportion of the shares for which the offer is made as specified in, or ascertained by reference to, the terms of the offer;
"deposit-taking company" means a body corporate incorporated in Hong Kong and licensed or registered as a deposit-taking company under the Banking Ordinance;
"insurance company" means a body corporate incorporated in Hong Kong which is authorized or deemed to be authorized to carry on insurance business under the Insurance Companies Ordinance (Cap. 41);
"shares" means shares, other securities convertible into shares or options to subscribe for shares.
Prescribed interests
3. (1) The following interests and classes of interest are prescribed for the purposes of section 14(1)(f) of the Ordinance
(a) interests of a person in his capacity as beneficiary under a trust constituted exclusively for the purposes of an approved retirement scheme as defined in the Inland Revenue Ordinance (Cap. 112);