1980-HKRS28-16-28_Part04 — Page 16

MONIKA LEVO NEL Cucimumly wang dumbwa o ANJURANGE tativo; and

(i) whether as principal or agent, he makes, or offers to make, with that other person an agree ment referred to in subsection (1) or induces, or attempts to induce, that other person ta enter into such an agreement; or

(6) any other person calling from place to place who belongs to a class of persons prescribed in regula- tions for the purpose of this subsection.

(3) Nothing in this section applies to any futures con- tract exempted by the Commission for the purposes of this section if any conditions subject to which the exemption is granted have been fulfilled,

(4) Any person who contravenes this section shall be guilty of an offence and shall be liable on conviction to a Bune of $10,000 and to imprisonment for 6 months

(5) If in any proceedings under subsection (4) for a contravention of this section it is proved that the accused did any of the acts mentioned in subsection (1) on 2 or more occasions within any period of 14 days, he shall, until the contrary is proved, be presumed to have been calling from place to place.

(6) In this section-

"call" includes a visit in person and a communication by

telephone:

"futures contract' includes a contract executed or represented as being for execution on any commodity exchange, to buy or sell a specified commodity or any other com- modity prescribed by the Commission for the purposes of this definition, for delivery, whether immediately or

HING E

No. 55 of 1990

1 assent

fack Ooster

Acting Governor.

7 August 1980.

An Ordinance to provide for the establishment of a single, unified stock exchange in Hong Kong to provide for an Exchange Com- pany to operate the Unified Exchange; to provide for the winding up of existing exchanges; to make consequential and incidental amendments to the Securities Ordinance; and to provide for related matters.

[

1

Enacted by the Governor of Hong Kong, with the advice and con- sent of the Legislative Council thereof.

PART I

PRELIMINARY

KEINE IN KANGOL

1. This Ordinance may be cited as the Stock Exchanges Unification Stan dille and Ordinance 1980 and shall, sübject to section 43, come into operation on a day to be appointed by the Govenor by notice in the Gazefia.

2. (1) In this Ordinance, unless the context otherwise requires- "appointed day" means the day appointed by the Financial Secretary

undar section 27:

"articles of association” means the articles of association of the Exchange

Company:

Interpretation.