CAP. 335]
Protection of Investors
[1989 Ed.
7A. Submission of information to Commission
(1) Subject to subsections (2) and (4), every———
(a) authorized institution;
(b) exempted body;
(c) multilateral agency or authorized representative of that agency;
or
(d) overseas bank or authorized representative of that bank,
shall submit to the Commission within 10 working days after the issue by any person of any advertisement, invitation or document referred to in section 4(2)(fa), (fb) or (fc) such information with respect to that advertisement, invitation or document, and in such form, as the Commission may specify by notice in the Gazette.
(2) The Commission may, by notice published in the Gazette, specify for any purpose or by reference to any special circumstances a number of working days in substitution for the number of working days referred to in subsection (1).
(3) Any person who contravenes subsection (1) commits an offence and is liable on summary conviction to a fine of $50,000 and, in the case of a continuing offence, to a further fine of $5,000 for every day during which the offence continues.
(4) This section does not apply to the issue of any advertisement, invitation or document to which section 4(3) or (5) applies.
(5) For the purposes of subsection (1) “authorized representative”, in relation to the issue of any advertisement, invitation or document, means any person resident in Hong Kong who is authorized by a multilateral agency or overseas bank, as the case may be, to act for and on behalf of that agency or bank with respect to that issue.
Action in Tort
(Added 44 of 1989 s. 4)
8. Liability in tort for inducing persons to invest money in certain cases
(1) Any person who, by any fraudulent, reckless, or negligent misrepresentation, induces another person-
(a) to enter into any agreement-
(i) for or with a view to acquiring, disposing of, subscribing for, or underwriting securities, or
12
CAP. 335]
Protection of Investors
[1989 Ed.
7A. Submission of information to Commission
(1) Subject to subsections (2) and (4), every———
(a) authorized institution;
(b) exempted body;
(c) multilateral agency or authorized representative of that agency;
or
(d) overseas bank or authorized representative of that bank, shall submit to the Commission within 10 working days after the issue by any person of any advertisement, invitation or document referred to in section 4(2) (fa), (fb) or (fc) such information with respect to that advertisement, invitation or document, and in such form, as the Commission may specify by notice in the Gazette.
(2) The Commission may, by notice published in the Gazette, specify for any purpose or by reference to any special circumstances a number of working days in substitution for the number of working days referred to in subsec- tion (1).
(3) Any person who contravenes subsection (1) commits an offence and is liable on summary conviction to a fine of $50,000 and, in the case of a continuing offence, to a further fine of $5,000 for every day during which the offence continues.
(4) This section does not apply to the issue of any advertisement, invitation or document to which section 4(3) or (5) applies.
(5) For the purposes of subsection (1) “authorized representative”, in relation to the issue of any advertisement, invitation or document, means any person resident in Hong Kong who is authorized by a multilateral agency or overseas bank, as the case may be, to act for and on behalf of that agency or bank with respect to that issue.
Action in Tort
(Added 44 of 1989 s. 4)
8.
Liability in tort for inducing persons
to invest money in certain cases
(1) Any person who, by any fraudulent, reckless, or negligent mis- representation, induces another person-
(a) to enter into any agreement-
(i) for or with a view to acquiring, disposing of, subscribing for,
or underwriting securities, or
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