5 members who shall be non-executive directors of the
Commission; and
5 members who are not directors or employees of the
Commission.
(3) A member of the Board shall hold office for such period as
the Governor may determine and may resign his office at any time by
letter sent to the Governor.
(4) If the office of chairman of the Board is vacant or the
chairman of the Board is unable to act as chairman due to illness or
other incapacity or is absent from Hong Kong, the deputy chairman of
the Board shall act as chairman in his place.
Appeals (registration, forfeiture and notices)
18. (1) Where
(a)
an application of a person for registration under Part VI
of the Securities Ordinance (Cap. 333) is refused; or
(b)
an application of a person for registration under Part VI
of that Ordinance is granted subject to conditions with
which he is dissatisfied; or
(c)
the deposit of a registered dealer is forfeited under
section 52 (2) (c) of that Ordinance; or
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