1964_SECURITIES_ORDINANCE — Page 13

CAP. 333]

Securities

[1989 Ed.

representative, means registered under this Ordinance; (Amended 58 of 1985 s. 2) "registered company" means a company formed and registered under the Companies Ordinance (Cap.32);

"representative" means a dealer's representative or an investment representative;

"rules", in relation to the Exchange Company or the Unified Exchange, means the rules governing the operation and management of the Unified Exchange or the conduct of its members, by whatever name they may be called and wherever contained; (Replaced 58 of 1985 s. 33)

"securities" means any shares, stocks, debentures, loan stocks, funds, bonds, or notes of, or issued by, any body, whether incorporated or unincorporated, or of any government or local government authority; and includes- (Amended 62 of 1976 s. 2)

(a) rights, options, or interests (whether described as units or otherwise) in or in respect of any of the foregoing;

(b) certificates of interest or participation in, or temporary or interim certificates for, receipts for, or warrants to subscribe to or purchase, any of the foregoing; or

(c) any instruments commonly known as securities;

but does not include

(i) any shares or debentures of any company which is a private company within the meaning of section 29 of the Companies Ordinance (Cap.32);

(ii) any interest arising under a partnership agreement or proposed partnership agreement (other than an agreement creating a limited partnership), unless the agreement or proposed agreement relates to an undertaking, scheme, enterprise, or investment contract promoted by or on behalf of a person whose ordinary business is or includes the promotion of similar undertakings, schemes, enterprises, or investment contracts, whether or not that person is, or is to become, a party to the agreement or proposed agreement, or unless the agreement is or would be an agreement, or is or would be within a class of agreements, prescribed by regulations for the purposes of this paragraph;

(iii) any negotiable receipt or other negotiable certificate or document evidencing the deposit of a sum of money, or any rights, or interest arising under any such receipt, certificate, or document;

(iv) any bill of exchange within the meaning of section 3 of the Bills of Exchange Ordinance (Cap.19) and any promissory note within the meaning of section 89 thereof; (Added 62 of 1976 s. 2)

(v) any debenture that specifically provides that it is not negotiable or transferable; (Added 62 of 1976 s. 2)