1989 Ed.]
Commodities Trading
[CAP. 250
53
under subsection (1), the Exchange Company, clearing house, guarantee corporation or dealer, as the case may be, shall be guilty of an offence and shall be liable on conviction to a fine of $50,000.
(Amended 61 of 1985 s. 44)
104. Godown operators to keep records
An operator of a godown registered under the rules of the Exchange Company shall make such reports and keep such records, and permit inspection of such records and the godown, as the Commission may require.
105. (Repealed 10 of 1989 s. 65)
106. Prohibition of use of title "commodity exchange", etc.
(1) No person at any time more than 6 months after the commencement of this section, other than the Exchange Company in respect of the Commodity Exchange, shall-
(a) take or use any of the following titles or descriptions---
(i) commodity exchange;
(ii) futures exchange;
(iii) Hong Kong Commodity Exchange Limited;
(iv) Hong Kong Futures Exchange Limited; or (Replaced 61 of 1985 s. 45)
(b) take or use, or have attached to or exhibited at any place, any title or description which resembles any of those specified in paragraph (a) or so closely resembles any such title or description as to be calculated to deceive. (Amended 61 of 1985 s. 45)
(2) A person who is not a dealer shall not-
(a) take or use the title or description "commodity dealer" or "futures dealer"; or
(b) take or use, or have attached to or exhibited at any place, any title or description that resembles those specified in paragraph (a) or so closely resembles such title as to be calculated to deceive. (Amended 61 of 1985 s. 45)
(3) Any person who contravenes this section shall be guilty of an offence and shall be liable on conviction to a fine of $50,000 and, in the case of a continuing offence, to a further fine of $5,000 for each day during which the offence continues.
1989 Ed.]
Commodities Trading
[CAP. 250
53
under subsection (1), the Exchange Company, clearing house, guarantee corporation or dealer, as the case may be, shall be guilty of an offence and shall be liable on conviction to a fine of $50,000.
(Amended 61 of 1985 s. 44)
104. Godown operators to keep records
An operator of a godown registered under the rules of the Exchange Company shall make such reports and keep such records, and permit inspection of such records and the godown, as the Commission may require.
105. (Repealed 10 of 1989 s. 65)
106. Prohibition of use of title "commodity
exchange", etc.
(1) No person at any time more than 6 months after the commencement of this section, other than the Exchange Company in respect of the Commodity Exchange, shall-
(a) take or use any of the following titles or descriptions---
(i) commodity exchange;
(ii) futures exchange;
(iii) Hong Kong Commodity Exchange Limited;
(iv) Hong Kong Futures Exchange Limited; or (Replaced 61 of
1985 s. 45)
(b) take or use, or have attached to or exhibited at any place, any title or description which resembles any of those specified in paragraph (a) or so closely resembles any such title or description as to be calculated to deceive. (Amended 61 of 1985 s. 45)
(2) A person who is not a dealer shall not-
(a) take or use the title or description "commodity dealer" or
"futures dealer"; or
(b) take or use, or have attached to or exhibited at any place, any title or description that resembles those specified in paragraph (a)
or so closely resembles such title as to be calculated to deceive. (Amended 61 of 1985 s. 45)
(3) Any person who contravenes this section shall be guilty of an offence and shall be liable on conviction to a fine of $50,000 and, in the case of a continuing offence, to a further fine of $5,000 for each day during which the offence continues.
No comments yet.
Private notes are available after approval.