TNAG-1943-FCO40-2769-Stock-market-and-exchange-rate-in-Hong-Kong-1989 — Page 191

relates may be performed only by a person specified in the order,

and persons affected by the order must not influence those

performing functions under the order. The clause also provides for

an initial 6-month limit and extensions of 3 months, for the

commencement of suspension orders, the giving of notice of the

making of an order and of its extension, for the recovery by the

Commission of costs involved, and for an offence.

Part VII

40.

Clause 48 provides for payment to the Commission of a

levy on every purchase or sale of securities recorded on the

Unified Exchange. It also provides for payment to the Commission

of a levy both by the purchaser and the seller on each leviable

transaction in each market of the Futures Exchange Company. The

rate or amount of levy is determined by and may be amended by order

of the Governor in Council, and different rates and amounts can be

fixed in different cases. The levies are to be collected,

accounted for and paid to the Commission by the Exchange Companies.

The Governor in Council is empowered to make rules as to payment

and imposition of charges for late payment.

41.

Clause 49 provides for financing the operations of the

Commission.

42.

Clause 50 empowers the Commission to make rules providing

for the payment to the Commission of fees and other charges. Fees

and charges may be fixed at levels sufficient to effect the recovery

of expenditure incurred, or likely to be incurred, by the Commission.

Part VIII

43. Clause 51 enables the Commission to apply to the High Court

in specified circumstances for injunctions to restrain contraventions.