1989 Ed.]
Securities
[CAP. 333
19
(c) the procedure for and the method of allotment of any securities arising out of an offer made to members of the public in respect of those securities;
(d) the maximum number of persons who may be admitted to membership of the Exchange Company; (Replaced 58 of 1985 s. 35)
(e) the type of business that may be carried on at the Unified Exchange; (Amended 58 of 1985 s. 35)
(f) requiring companies the securities of which are listed or accepted for listing on the Unified Exchange to enter into an undertaking in the form prescribed in the rules with the Exchange Company to provide such information at such times as may be specified, and to carry out such duties in relation to its securities as may be imposed, in the undertaking; (Amended 58 of 1985 ss. 3 & 35)
(fa) requiring the chairman of the committee of the Exchange Company who has become aware of any matter which adversely affects, or is likely to adversely affect, the ability of any member of the Exchange Company to meet his obligations as a dealer, to make a report concerning the matter to the Commission as soon as practicable after becoming aware of the matter; (Added 62 of 1976 s. 5. Amended 58 of 1985 s. 35)
(g) requiring the Exchange Company when it expels, or suspends the membership of, any of its members, or requests any of its members to resign his membership, to notify the Commission of that fact within 3 trading days after the expulsion, suspension or making of the request, as the case may be, and, in addition, to cause the expulsion, suspension or request to be notified to the public in such manner and within such period as may be prescribed in the rules; (Added 62 of 1976 s. 5. Amended 58 of 1985 s. 35)
(h) anything which is to be or may be prescribed by rules.
(1A) Rules under this section may provide that a contravention of specified provisions thereof shall be an offence and may provide penalties therefor not exceeding a fine of $10,000. (Added 58 of 1985 s. 3)
(2) No rules made under this section shall have effect until they have been approved by the Governor and published in the Gazette.
(3) Nothing in this section prevents the Exchange Company from making rules on any matter mentioned in subsection (1) under section 34 of the Stock Exchanges Unification Ordinance (Cap. 361) or the constitution of the Exchange Company if those rules have been approved by the Commission, but any such rules shall have effect only to the extent that they are not repugnant to any rule made by the Commission under subsection (1). (Replaced 58 of 1985 s. 35)
Page 20
Page 21
1989 Ed.]
Securities
[CAP. 333
19
(c) the procedure for and the method of allotment of any securities arising out of an offer made to members of the public in respect of those securities;
(d) the maximum number of persons who may be admitted to membership of the Exchange Company; (Replaced 58 of 1985 s. 35)
(e) the type of business that may be carried on at the Unified
Exchange; (Amended 58 of 1985 s. 35)
(ƒ) requiring companies the securities of which are listed or accepted for listing on the Unified Exchange to enter into an undertaking in the form prescribed in the rules with the Exchange Company to provide such information at such times as may be specified, and to carry out such duties in relation to its securities as may be imposed, in the undertaking; (Amended 58 of 1985 ss. 3 & 35) (fa) requiring the chairman of the committee of the Exchange Company who has become aware of any matter which adversely affects, or is likely to adversely affect, the ability of any member of the Exchange Company to meet his obligations as a dealer, to make a report concerning the matter to the Commission as soon as practicable after becoming aware of the matter; (Added 62 of 1976 s. 5. Amended 58 of 1985 s. 35)
(b) requiring the Exchange Company when it expels, or suspends the membership of, any of its members, or requests any of its members to resign his membership, to notify the Commission of that fact within 3 trading days after the expulsion, suspension or making of the request, as the case may be, and, in addition, to cause the expulsion, suspension or request to be notified to the public in such manner and within such period as may be prescribed in the rules; (Added 62 of 1976 s. 5. Amended 58 of
1985 s. 35)
(g) anything which is to be or may be prescribed by rules.
(IA) Rules under this section may provide that a contravention of specified provisions thereof shall be an offence and may provide penalties therefor not exceeding a fine of $10,000. (Added 58 of 1985 s. 3)
(2) No rules made under this section shall have effect until they have been approved by the Governor and published in the Gazette.
(3) Nothing in this section prevents the Exchange Company from making rules on any matter mentioned in subsection (1) under section 34 of the Stock Exchanges Unification Ordinance (Cap. 361) or the constitution of the Exchange Company if those rules have been approved by the Commission, but any such rules shall have effect only to the extent that they are not repugnant to any rule made by the Commission under subsection (1). (Replaced 58 of 1985 s. 35)
Page 20Page 21
No comments yet.
Private notes are available after approval.