40
CAP. 24]
Securities and Futures Commission
[1989 Ed.
24. Applicant under Securities Ordinance or Commodities Trading Ordinance to furnish information to Commission
An applicant under section 51 of the Securities Ordinance (Cap. 333) or section 30 of the Commodities Trading Ordinance (Cap. 250) shall furnish to the Commission at the time of the application such information as may reasonably be required by the Commission-
(a) regarding the services which, if the application is allowed, the applicant will hold himself out as being able to provide;
(b) regarding the business which the applicant proposes to carry on and to which the application relates, or relating to any person whom the applicant intends or proposes to employ in such business or any person with whom the applicant intends to be associated in the course of carrying on such business; and
(c) to enable the Commission to take into account the matters referred to in section 23(6)(a) and (b).
25. Certificates of registration to continue in force
(1) A person who immediately before the establishment day was registered, or who on or after that day becomes registered, under section 51 of the Securities Ordinance (Cap. 333) or section 30 of the Commodities Trading Ordinance (Cap. 250) shall continue to be so registered; but this section shall not be construed as affecting the power of the Commission to suspend or revoke the person's registration under section 55 or 56 of the Securities Ordinance (Cap. 333) or section 35 or 36 of the Commodities Trading Ordinance (Cap. 250).
(2) (a) Where an application for renewal of registration under Part VI of the Securities Ordinance (Cap. 333) or section 34 of the Commodities Trading Ordinance (Cap. 250) is made before the establishment day and is not determined before that day, notwithstanding anything contained in this Ordinance the application shall be taken over and determined by the Commission, and in case the application is allowed the renewal shall be deemed to take effect immediately before the establishment day.
(b) For the purposes of paragraph (a), and only for those purposes, section 34 of the Commodities Trading Ordinance (Cap. 250) and the provisions of the Securities Ordinance (Cap. 333) which are relevant shall be regarded as remaining in force, and that section and those provisions shall for those purposes be construed as if any reference therein to the Commissioner were a reference to the Commission.
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Page 41
40
CAP. 24]
Securities and Futures Commission
[1989 Ed.
24. Applicant under Securities Ordinance or Commodities Trading Ordinance to furnish information to Commission
An applicant under section 51 of the Securities Ordinance (Cap. 333) or section 30 of the Commodities Trading Ordinance (Cap. 250) shall furnish to the Commission at the time of the application such information as may reasonably be required by the Commission-
(a) regarding the services which, if the application is allowed, the
applicant will hold himself out as being able to provide;
(b) regarding the business which the applicant proposes to carry on and to which the application relates, or relating to any person whom the applicant intends or proposes to employ in such business or any person with whom the applicant intends to be associated in the course of carrying on such business; and
(c) to enable the Commission to take into account the matters
referred to in section 23(6)(a) and (b).
25. Certificates of registration to continue in force
(1) A person who immediately before the establishment day was registered, or who on or after that day becomes registered, under section 51 of the Securities Ordinance (Cap. 333) or section 30 of the Commodities Trading Ordinance (Cap. 250) shall continue to be so registered; but this section shall not be construed as affecting the power of the Commission to suspend or revoke the person's registration under section 55 or 56 of the Securities Ordinance (Cap. 333) or section 35 or 36 of the Commodities Trading Ordinance (Cap. 250).
(2) (a) Where an application for renewal of registration under Part VI of the Securities Ordinance (Cap. 333) or section 34 of the Commodities Trading Ordinance (Cap. 250) is made before the establishment day and is not determined before that day, notwithstanding anything contained in this Ordinance the application shall be taken over and determined by the Com- mission, and in case the application is allowed the renewal shall be deemed to take effect immediately before the establishment day. (b) For the purposes of paragraph (a), and only for those purposes, section 34 of the Commodities Trading Ordinance (Cap. 250) and the provisions of the Securities Ordinance (Cap. 333) which are relevant shall be regarded as remaining in force, and that section and those provisions shall for those purposes be construed as if any reference therein to the Commissioner were a reference to the Commission.
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