Section

CHE

C

22

Amendment

(b) the Disciplinary Committee has imposed any penalty or the Exchange Company, or on any member of the committee of the Exchange Company, pursuant to paragraph (6) or (c) of section 39(2),

the Exchange Company or such member of the commillee may, within 14 days—

(i) after the publication in the Gazette of

notice of the direction; or

after being notified of the decision of the Disciplinary Committee imposing the penalty,

appeal to the Governor in Council against the direction of the Commission or against the deci- sion of the Disciplinary Committes,

(2) After considering any appeal under sub- section (1) the Governor in Council may confirm, reverse or vary the direction of the Commission or the decision of the Disciplinary Committer, as the case may be, and the decision of the Governor in Council shall be final.",

By repealing the section.

Section

39(6)

$2(615)

Part IV

By repealing the Part.

38(2)(2)

By deleting "Federation" and substituting "Exchange Com- pany",

66(1)(5)

39(1)

1. By deleting "any stock exchange" and substituting "the Exchange Company”.

72(5xd)

2. By deleting "any such exchange" and substituting "the Exchange Company".

760) Xα)

39(2)

1. By deleting paragraph (0) and substituting the follow- ing-

79(2)

8000

2. to paragraphs (b), (c) and (d), by deleting "stock exchange" wherever it occurs and substituting in each case "Exchange Company”.

80(4)(4)

39(3)

1.

By deleting any stock exchange" and substituting "the Exchange Company'.

90(2)

"(a) recommend to the Commission that it exercise the

powers conferred on it by section 26(2);"

* By deleting "of the exchange" in both places where it occurs and substituting in each case "of the Exchange Company".

3

90(3)

3904)

1. By deleting "Any stock exchange" and substituting "The Exchange Company".

2. By deleting a stock exchange" and substituling "the Exchange Company".

97

39(5)

By deleting "a stock exchange" and substituting "the Ex- change Company".

23

Amendment

By deleting the subsection and substituting the following-

(55 of 1980.)

"(6) For the purposes of this section "miscon- duct" means-

(a) any failure by the Exchange Company or the committee thereof to comply with the requirements of this Ordinance or the Stock Exchanges Unification Ordinance 1980, or any rules, regulations or directions made or given thereunder.

(b) any wilful contravention by the Exchange Company or the committee thereof of the constitution of the Exchange Company or the rules of the Unified Exchange; (c) any failure by the Exchange Company or by the committee thereof to ensure that the rules of the Unified Exchange are complied with by its members;

(d) any act or omission relating to the opera- tion of the Exchange Company or the Unified Exchange which, in the opinion of the Disciplinary Committee, is or is likely to be prejudicial to the interests of members of the investing public.".

By deleting "a stock exchange" and substituting “the Exchange Company",

By deleting a stock exchange" and substituting "the Unified Exchange".

By deleting "exchange" and substituting "Unified Exchange”.

By deleting a stock exchange in Hong Kong" and substitut- ing "the Unified Exchange",

By deleting "stock exchange of which he is a member and substituting "Exchange Company”.

By deleting "a stock exchange" and substituting “the Unified Exchange"

By deleting "stock exchange of which he is a member" and substituting "Exchange Company".

1, By deleting "stock exchange of which be is a member" and substituting "Exchange Company".

2.

By deleting "stock exchange" and substitoring "the Exchange Company".

By deleting "stock exchange" and substituting "the Exchange Company***

1. By deleting "a stock exchange" and substituting the Exchange Company".

2. By deleting "exchange" and substituting "Exchange Company",

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