58
CAP. 250]
Commodities Trading
[1989 Ed.
115. Amendment of Schedule and sum specified in sections 31, 79, 82, 85 and 87
(1) The Governor in Council may, by order published in the Gazette, amend-
(a) Schedules 1 and 2; and
(b) any sum specified in section 31(1), 79(2), 82(1), 85(1), 85(2) or 87(3). (Amended 61 of 1985 s. 48)
(2) When amending Schedule 1 the Governor in Council may include in either part thereof any item capable of being the subject of a futures contract, whether or not it is capable of being delivered. (Added 61 of 1985 s. 48)
116. Exclusion of provisions of Gambling Ordinance
The Gambling Ordinance (Cap. 148) shall not apply to any transaction to which this Ordinance applies. (Added 61 of 1985 s. 49)
117. Transitional provisions
(1) Any claim against the compensation fund arising out of the default of a shareholder before the commencement* of the Commodities Trading (Amendment) Ordinance 1985 (61 of 1985) (“the amending Ordinance") shall be governed by this Ordinance as if the amending Ordinance had not been enacted and any such claim which is allowed or partially allowed, or in respect of which a court order is made, under Part VIII shall be payable out of moneys in the compensation fund immediately before the commencement of the amending Ordinance.
(2) If the moneys in the compensation fund immediately before the commencement of the amending Ordinance are insufficient to meet all claims which are then outstanding and which, after such commencement, are allowed, or partly allowed, or in respect of which court orders are made, under Part VIII, the provisions of section 97(1) shall apply but as if all the words after the semicolon in that subsection were deleted.
(3) Any moneys other than accrued interest remaining in the compensation fund immediately before the commencement of the amending Ordinance shall, subject to the payment therefrom of claims payable under subsection (1), be held to the credit of those shareholders in respect of whom the Exchange Company contributed to the fund before the commencement of the amending Ordinance and in respect of whom the Exchange Company remains liable to contribute to the fund thereafter, such credit, at the discretion of the Commission, taking the form of either-
* 23 August 1985
58
CAP. 250]
Commodities Trading
[1989 Ed.
115. Amendment of Schedule and sum specified
in sections 31, 79, 82, 85 and 87
(1) The Governor in Council may, by order published in the Gazette, amend-
(a) Schedules 1 and 2; and
(b) any sum specified in section 31(1), 79(2), 82(1), 85(1), 85(2)
or 87(3). (Amended 61 of 1985 s. 48)
(2) When amending Schedule 1 the Governor in Council may include in either part thereof any item capable of being the subject of a futures contract, whether or not it is capable of being delivered. (Added 61 of 1985 s. 48)
116. Exclusion of provisions of Gambling Ordinance
The Gambling Ordinance (Cap. 148) shall not apply to any transaction to which this Ordinance applies.
(Added 61 of 1985 s. 49)
117. Transitional provisions
(1) Any claim against the compensation fund arising out of the default of a shareholder before the commencement* of the Commodities Trading (Amendment) Ordinance 1985 (61 of 1985) (“the amending Ordinance") shall be governed by this Ordinance as if the amending Ordinance had not been enacted and any such claim which is allowed or partially allowed, or in respect of which a court order is made, under Part VIII shall be payable out of moneys in the compensation fund immediately before the commencement of the amending Ordinance.
(2) If the moneys in the compensation fund immediately before the commencement of the amending Ordinance are insufficient to meet all claims which are then outstanding and which, after such commencement, are allowed, or partly allowed, or in respect of which court orders are made, under Part VIII, the provisions of section 97(1) shall apply but as if all the words after the semicolon in that subsection were deleted.
(3) Any moneys other than accrued interest remaining in the compensation fund immediately before the commencement of the amending Ordinance shall, subject to the payment therefrom of claims payable under subsection (1), he held to the credit of those shareholders in respect of whom the Exchange Company contributed to the fund before the commencement of the amending Ordinance and in respect of whom the Exchange Company remains liable to contribute to the fund thereafter, such credit, at the discretion of the Commission, taking the form of either-
* 23 August 1985
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