A316
Ord. No. 55/80
Section
113
STOCK EXCHANGES UNIFICATION
Amendment
1. By deleting "Council of the Federation" wherever it occurs and substituting in eash case "committee of the Ex- change Company".
Section
141A
2. By deleting "Council" wherever it occurs and substituting in each case "committee”.
114(1)
1. By deleting "Council of the Federation" and substituting "committee of the Exchange Company”.
2. In paragraph (b), by deleting "a stock exchange" and substituting "the Exchange Company".
114(2)
By deleting "Council of the Federation" and substituting "committee of the Exchange Company".
142(4)
115(1), (2) and (3)
116(a)
117
119
120(1) and (2)
121
121A
135(1)
By deleting "Federation" wherever it occurs and substituting in each case "Exchange Company".
By deleting "Federation" and substituting "Exchange Com- pany".
By deleting "Federation" and substituting "Exchange Com- pany".
1. By deleting "Federation or to a stock exchange" and substituting "Exchange Company".
2. By deleting "Council of the Federation" and substituting "committee of the Exchange Company".
By deleting "Council of the Federation" wherever it occurs and substituting in each case "committee of the Exchange Company".
1. By deleting "a stock exchange" and substituting "the Exchange Company".
2. By deleting "exchange" wherever it occurs and sub- stituting in each case "Exchange Company".
By adding, after section 121, the following new section— "Commissioner 121A. Notwithstanding anything in this Part, may act where where the Commissioner is satisfied that the com- committee fails to do so.
mittee of the Exchange Company has―
1.
(a) failed or refused to exercise any of its powers, functions or duties under this Part; or
(b) has unreasonably delayed the making of any determination under section 113,
he may, after consultation with the Commission, exercise all or any of the powers, functions or duties of the committee of the Exchange Com- pany under this Part, and any act done or determination made by the Commission pursuant to his powers under this section shall be deemed, for the purposes of this Part, to be an act done or determination made by the committee.".
In paragraph (a), by deleting "any stock market in Hong Kong" and substituting "the Unified Exchange".
2. In paragraph (b), by deleting "any such stock market” and substituting "the Unified Exchange".
STOCK EXCHANGES UNIFICATION
Ord. No. 55/80
A317
Amendment
By deleting subsection (1) and substituting the following—
"(1) This Part applies to the securities of a corpora- tion only if they are listed on the Unified Exchange or have been listed on the Unified Exchange or on an approved stock exchange at any time within 5 years immediately preceding any dealing in relation to those securities within the meaning of section 141B(1).
(1A) For the purposes of subsection (1), “approved stock exchange" means a company which was, immediately before the repeal of section 25, approved or deemed to have been approved as a stock exchange under that section.".
By deleting "stock exchange outside Hong Kong" and sub- stituting "foreign stock exchange".
First Schedule- paragraph 1 1. By deleting "a stock exchange (including a foreign stock
exchange)" and substituting "the Unified Exchange or foreign stock exchange".
a
2. In sub-paragraph (b), by deleting "at a stock exchange where they are listed" and substituting "on the Unified Exchange".
a
paragraph 2 By deleting "a stock exchange (including a foreign stock
exchange)" and substituting "the Unified Exchange or foreign stock exchange".
Second Schedule- paragraph 1
1. By deleting "a stock exchange (including a foreign stock exchange)" and substituting "the Unified Exchange or a foreign stock exchange".
2. In sub-paragraph (b), by deleting "at a stock exchange where they are listed" and substituting "on the Unified Exchange".
paragraph 3 By deleting "a stock exchange (including a foreign stock exchange)" and substituting "the Unified Exchange or a foreign stock exchange”.
paragraph 5(d)
paragraph 5(e)(iii)
Securities (Stock Exchanges Compensa- tion Fund) (Maximum Payments) Notice 1980. (L.N. 101/80.)
By deleting "a stock exchange" and substituting "the Unified Exchange or a foreign stock exchange".
1. By deleting "a stock exchange (including a foreign stock exchange)" and substituting "the Unified Exchange or a foreign stock exchange".
2. By deleting "the stock exchange" and substituting "the exchange".
By cancelling the Notice.
No comments yet.
Private notes are available after approval.