TNAG-1943-FCO40-2769-Stock-market-and-exchange-rate-in-Hong-Kong-1989 — Page 297

CAP.333

Securities

Annex 3

1986 Ed.

(I)

(s)

(2) *

for

prescribing the procedure for the holding of investigations under Part XI, and providing

the reception of evidence, whether written or oral, and for the summoning and examination of witnesses, during

the

investigation;

course

of

such an

prescribing anything which is to be or may be prescribed by regulations.

Regulations made under this section may provide that a contravention of specified provisions thereof shall

an offence and may provide penalties therefor not exceeding a fine of $2,900 and imprisonment for 3 months.

be

(3) Except as otherwise provided in this Ordinance, regulations made under this section may be of general or special application.

(4) Regulations made under this section may provide that, subject to such terms and conditions as may be prescribed thereby, the provisions of Parts VI to

IX, or such of them as are specified in the regulations

(a)

shall not have effect in relation to any specified person or to any person who is a member of a specified class of persons

(i) who

is or may be a dealer or investment adviser by reason only his doing anything that is incidental to another business;

O £

(ii)

who

or

or

does not deal in securities for on behalf of any other person;

(iii) who is

a dealer or investment adviser by reason only of his

entering

transaction

transactions;

into

any

specified

Or

class

Of

Regulations providing for penalties not transferred to the

* Note

SFC.