1980 Ed.] Commodity Exchanges (Prohibition)
[CAP. 82
CHAPTER 82
COMMODITY EXCHANGES (PROHIBITION)
To prohibit the establishment of further commodity exchanges in
Hong Kong.
[3 August 1973.]
Originally
54 of 1973.
L.N. 163/73. 59 of 1976. L.N. 269/79.
1
1. This Ordinance may be cited as the Commodity Exchanges (Prohibition) Ordinance.
Short title.
2. In this Ordinance, unless the context otherwise requires
Interpretation.
"commodity" means any goods specified in the Schedule;
"commodity exchange" means a market or exchange at or through which persons regularly offer commodities for sale or exchange.
3.
This Ordinance applies to every commodity exchange other than
Municipal
(a) a market to which the Public Health and Urban Services
Ordinance applies;
(b) a market established under the Agricultural Products
(Marketing) Ordinance;
(Cap. 132)
(Cap. 277.)
(c) a market established under the Marine Fish (Marketing)
(Cap. 291.)
Ordinance;
(d) a commodity exchange which was in operation on
20 June 1973;
(e) the Commodity Exchange established under the Commodities Trading Ordinance. (Added, 59 of 1976, s. 116)
4. (1) No person shall
(a) establish or operate a commodity exchange to which this
Ordinance applies; or
(b) knowingly assist in the operation of any such commodity
exchange.
(2) Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine of $500,000 and, in the case of a continuing offence, to a further fine of $50,000 for each day during which the offence continues.
5. (1) Any police officer not below the rank of superintendent may, without warrant and with the assistance of such other police officers as may be necessary
(Cap. 250.)
Prohibition on establishment or operation of commodity exchange.
Power of entry and search, etc.
1980 Ed.] Commodity Exchanges (Prohibition)
[CAP. 82
CHAPTER 82
COMMODITY EXCHANGES (PROHIBITION)
To prohibit the establishment of further commodity exchanges in
Hong Kong.
[3 August 1973.]
Originally
54 of 1973.
L.N. 163/73. 59 of 1976. L.N. 269/79.
1
1. This Ordinance may be cited as the Commodity Ex- changes (Prohibition) Ordinance.
Short title.
2. In this Ordinance, unless the context otherwise requires Interpretation.
"commodity" means any goods specified in the Schedule;
"commodity exchange" means a market or exchange at or through which persons regularly offer commodities for sale or ex- change.
3.
This Ordinance applies to every commodity exchange other than-~~-
Munispal
(a) a market to which the Public Health and Urban Services
Ordinance applies;
(b) a market established under the Agricultural Products
(Marketing) Ordinance;
Schedule.
Application.
10+ 1936532 (1)
(Cap. 132)
(Cap. 277.)
(c) a market established under the Marine Fish (Marketing) (Cap. 291.)
Ordinance;
(d) a commodity exchange which was in operation on
20 June 1973;
(e) the Commodity Exchange established under the Com- modities Trading Ordinance. (Added, 59 of 1976, s. 116)
4. (1) No person shall-
(a) establish or operate a commodity exchange to which this
Ordinance applies; or
(b) knowingly assist in the operation of any such commodity
exchange.
(2) Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine of $500,000 and, in the case of a continuing offence, to a further fine of $50,000 for each day during which the offence continues.
5. (1) Any police officer not below the rank of super- intendent may, without warrant and with the assistance of such other police officers as may be necessary-
(Cap. 250.)
Prohibition on establishment or operation of commodity exchange.
Power of entry and search, etc.
No comments yet.
Private notes are available after approval.