1989 Ed.]
Commodities Trading
[CAP. 250
13
22. Publication of notice of revocation or closure
Where-
(a) a licence is revoked under section 18; or
(b) the Exchange Company is directed to close the Commodity Exchange under section 19 or 21,
the Commission shall publish in the English and Chinese languages in such manner as it thinks fit a notice of such revocation of the licence or the particulars of the direction for the closure of the Commodity Exchange, as the case may be.
(Amended 10 of 1989 s. 65)
23. Dealings in commodities prohibited during closure of Commodity Exchange
(1) Notwithstanding any other provision of this Ordinance, no person shall in any manner transact any trading in commodity futures contracts of the type specified in a direction under section 19 or 21 during the period of the closure of the Commodity Exchange. (Amended 10 of 1989 s. 65)
(2) Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine of $50,000.
24. Prevention of entry into Commodity Exchange
(1) Where the Commodity Exchange is closed under section 19 or 21 for the transaction of any trading in commodity futures contracts, an authorized officer of the Commission or any police officer not below the rank of superintendent may, during the period the closure is effective, take such steps as may be necessary to ensure that the premises of the Commodity Exchange provided for the transaction of such trading are locked and secured.
(2) Any person who, without the authority of an authorized officer of the Commission or a police officer not below the rank of superintendent, enters any premises which are locked and secured under subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine of $50,000.
(Amended 10 of 1989 s. 65; L.N. 259 of 1989)
25. Appeals
Where-
(a) a licence is revoked under section 18 or 20; or
(b) the Exchange Company is directed to close the Commodity Exchange under section 19 or 20,
the Exchange Company may appeal to the Governor in Council against the decision of the Commission, and the Governor in Council may confirm, vary or reverse the decision and give such other directions as it thinks just and equitable.
(Replaced 10 of 1989 s. 65)
1989 Ed.]
Commodities Trading
[CAP. 250
13
22. Publication of notice of revocation or closure
Where-
(a) a licence is revoked under section 18; or
(b) the Exchange Company is directed to close the Commodity
Exchange under section 19 or 21,
the Commission shall publish in the English and Chinese languages in such manner as it thinks fit a notice of such revocation of the licence or the particulars of the direction for the closure of the Commodity Exchange, as the case may be.
(Amended 10 of 1989 s. 65)
23. Dealings in commodities prohibited during
closure of Commodity Exchange
(1) Notwithstanding any other provision of this Ordinance, no person shall in any manner transact any trading in commodity futures contracts of the type specified in a direction under section 19 or 21 during the period of the closure of the Commodity Exchange. (Amended 10 of 1989 s. 65)
(2) Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine of $50,000.
24. Prevention of entry into Commodity Exchange
(1) Where the Commodity Exchange is closed under section 19 or 21 for the transaction of any trading in commodity futures contracts, an authorized officer of the Commission or any police officer not below the rank of superintendent may, during the period the closure is effective, take such steps as may be necessary to ensure that the premises of the Commodity Exchange provided for the transaction of such trading are locked and secured.
(2) Any person who, without the authority of an authorized officer of the Commission or a police officer not below the rank of superintendent, enters any premises which are locked and secured under subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine of $50,000.
(Amended 10 of 1989 s. 65; L.N. 259 of 1989)
25. Appeals
Where-
(a) a licence is revoked under section 18 or 20; or
(b) the Exchange Company is directed to close the Commodity
Exchange under section 19 or 20,
the Exchange Company may appeal to the Governor in Council against decision of the Commission, and the Governor in Council may confirm, vary or reverse the decision and give such other directions as it thinks just and equitable.
(Replaced 10 of 1989 s. 65)
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