1964_SECURITIES_ORDINANCE — Page 12

1989 Ed.]

Securities

[CAP. 333

11

journal, or periodical publication, advises other persons concerning securities, or issues analyses or reports concerning securities, not being the proprietor or publisher of, or a contributor to, a newspaper, journal, magazine, or other periodical publication whose principal or only object is to advise others concerning securities or to issue analyses or reports concerning securities;

(iv) a dealer or exempt dealer to the extent that his giving of investment advice is incidental to his carrying on business as a dealer or exempt dealer;

(v) a trustee company registered under Part VIII of the Trustee Ordinance (Cap. 29);

(vi) an exempt investment adviser; (Replaced 62 of 1976 s. 2) "investment advisers' partnership" means a partnership which carries on the business of an investment adviser; (Added 58 of 1985 s. 2)

"investment representative" means a person in the employment of, or acting for or by arrangement with, an investment adviser, not being an exempt investment adviser, who performs for that investment adviser any of the functions of an investment adviser (other than work ordinarily performed by an accountant, clerk or cashier) whether his remuneration is by way of salary, wages, commission, or otherwise, but, in the case of a corporation which is an investment adviser, does not include a director of the corporation; (Replaced 62 of 1976 s. 2)

"issue" includes distribute and circulate; (Added 62 of 1976 s. 2)

"licensed bank" means a bank licensed under the Banking Ordinance (Cap. 155) to carry on banking business in Hong Kong;

"limited partnership" means a limited partnership registered under the Limited Partnerships Ordinance (Cap. 37); (Added 58 of 1985 s. 2)

"listing", in relation to a security, means the procedure whereby a security is listed on the Unified Exchange; (Amended 58 of 1985 s. 33)

"member", in relation to the Exchange Company or the Unified Exchange, means a member within the meaning of section 2 of the Stock Exchanges Unification Ordinance (Cap. 361), of the Exchange Company; (Added 58 of 1985 s. 33)

"mutual fund corporation" means any corporation which is or holds itself out as being engaged primarily, or proposes to engage primarily, in the business of investing, reinvesting or trading in securities and which is offering for sale or has outstanding any redeemable shares of which it is the issuer;

"purchase", in relation to any securities, includes subscribing for those securities;

"registered", in relation to a dealer, dealing partnership, dealer's representative, investment adviser, investment advisers' partnership or investment representative, means registered under this Ordinance; (Added 62 of 1976 s. 2)