1964_COMMODITIES_TRADING_ORDINANCE — Page 6

1989 Ed.]

Commodities Trading

[CAP. 250

5

CHAPTER 250

COMMODITIES TRADING

To provide for the establishment of a commodity exchange, to control the trading in commodity futures contracts and to provide for matters connected therewith and incidental thereto.

[Parts I, III, VI : 1 September 1976

Part IX : 1 October 1976

Part IV : 1 January 1977

Parts II, VII : 1 January 1977

Part V, other than section 50 : 1 March 1977

Part VIII : 27 April 1977

Section 50 : 30 January 1980]

L.N. 224 of 1976 L.N. 253 of 1976 L.N. 290 of 1976 L.N. 318 of 1976 L.N. 45 of 1977

L.N. 89 of 1977

L.N. 19 of 1980

Originally 59 of 1976 79 of 1976, L.N. 268 of 1979, L.N. 65 of 1980, 54 of 1980, 9 of 1982, 35 of 1982, 61 of 1985, L.N. 313 of 1985, R. Ed. 1985, L.N. 111 of 1986, 27 of 1986, 40 of 1987, L.N. 387 of 1987, 10 of 1989, L.N. 259 of 1989 3 of 90, LN 415/89, 63/90 64/90

PART I

PRELIMINARY

1. Short title

This Ordinance may be cited as the Commodities Trading Ordinance.

2. Interpretation

(1) In this Ordinance, unless the context otherwise requires-

"auditor" means a professional accountant registered and holding a practising certificate under the Professional Accountants Ordinance (Cap. 50);

"clearing house" means a clearing house for the registration and settlement of futures contracts and the day-to-day adjustment of the financial position of futures contracts which is used by the Exchange Company in accordance with section 13(3); (Replaced 61 of 1985 s. 2)

"Commission" means the Securities and Futures Commission established under the Securities and Futures Commission Ordinance (Cap. 24); (Amended 10 of 1989 s. 65)

"commodities trading" includes trading in commodity futures contracts; (Added 61 of 1985 s. 2)