TNAG-1943-FCO40-2769-Stock-market-and-exchange-rate-in-Hong-Kong-1989 — Page 102

(4)

Every decision of

the Commission imposing a

penalty under subsection (2)

on a person shall be notified

to that person in writing and

shall include a statement of

the reasons on which it is

based.

(5) For the purposes of

this section "misconduct"

means

(a)

(b)

any failure to

comply with any

requirement of or

imposed by or under

this Ordinance or

the Securities and

Futures Commission

Ordinance 1989 (

of 1989) with

respect to dealers,

investment advisers

or representatives;

any failure to

observe the terms