1964_SECURITIES_ORDINANCE — Page 21

HK Historical Laws 香港歷史法例 All AI Reviewed

CAP. 333]

Securities

[1989 Ed.

15. Commission may authorize mutual

fund corporations and unit trusts

(1) The Commission may authorize mutual fund corporations and unit trusts for the purposes of this Ordinance.

(2) An authorization under subsection (1) may be granted subject to such conditions as the Commission considers fair and reasonable.

16-19. (Repealed 10 of 1989 s. 65)

PART III

STOCK MARKETS

(Amended 58 of 1985 s. 37)

(Replaced 10 of 1989 s. 65)

20. Restriction on establishment of stock markets

(1) No person shall-

(a) establish or operate a stock market that is not the Unified

Exchange; or

(b) assist in the operation of a stock market that, to his knowledge, is

not the Unified Exchange. (Replaced 58 of 1985 s. 38)

(2) Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine of $500,000 and, in the case of a continuing offence, to a further fine of $50,000 for each day during which the offence continues.

21. Restriction on use of the title “stock exchange”, etc.

(1) Subject to section 42(2) of the Stock Exchanges Unification Ordinance (Cap. 361), no person, other than the Exchange Company, shall-

(a) take or use the title "stock exchange" or "unified exchange" or "unified stock exchange" or "united exchange" or "united stock exchange"; or

(b) take or use, or have attached to or exhibited at any place, any title which resembles any of the titles referred to in paragraph (a) or which so closely resembles any of such titles as to be calculated to deceive. (Replaced 58 of 1985 s. 39)

Edit History

2026-05-05 12:15:01 · NVIDIA / meta/llama-4-maverick-17b-128e-instruct

Live

View comparison

AI Proofread

20 CAP. 333] Securities [1989 Ed. 15. Commission may authorize mutual fund corporations and unit trusts (1) The Commission may authorize mutual fund corporations and unit trusts for the purposes of this Ordinance. (2) An authorization under subsection (1) may be granted subject to such conditions as the Commission considers fair and reasonable. 16-19. (Repealed 10 of 1989 s. 65) PART III STOCK MARKETS (Amended 58 of 1985 s. 37) (Replaced 10 of 1989 s. 65) 20. Restriction on establishment of stock markets (1) No person shall- (a) establish or operate a stock market that is not the Unified Exchange; or (b) assist in the operation of a stock market that, to his knowledge, is not the Unified Exchange. (Replaced 58 of 1985 s. 38) (2) Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine of $500,000 and, in the case of a continuing offence, to a further fine of $50,000 for each day during which the offence continues. 21. Restriction on use of the title “stock exchange”, etc. (1) Subject to section 42(2) of the Stock Exchanges Unification Ordinance (Cap. 361), no person, other than the Exchange Company, shall- (a) take or use the title "stock exchange" or "unified exchange" or "unified stock exchange" or "united exchange" or "united stock exchange"; or (b) take or use, or have attached to or exhibited at any place, any title which resembles any of the titles referred to in paragraph (a) or which so closely resembles any of such titles as to be calculated to deceive. (Replaced 58 of 1985 s. 39)

Baseline (Original)

20 CAP. 333] Securities [1989 Ed. 15. Commission may authorize mutual fund corporations and unit trusts (1) The Commission may authorize mutual fund corporations and unit trusts for the purposes of this Ordinance. (2) An authorization under subsection (1) may be granted subject to such conditions as the Commission considers fair and reasonable. 16-19. (Repealed 10 of 1989 s. 65} PART III STOCK MARKETS (Amended 58 of 1985 s. 37) (Replaced 10 of 1989 s. 65 ) 20. Restriction on establishment of stock markets (1) No person shall- (a) establish or operate a stock market that is not the Unified Exchange; or (b) assist in the operation of a stock market that, to his knowledge, is not the Unified Exchange. (Replaced 58 of 1985 s. 38) (2) Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine of $500,000 and, in the case of a continuing offence, to a further fine of $50,000 for each day during which the offence continues. 21. Restriction on use of the title “stock exchange”, etc. (1) Subject to section 42(2) of the Stock Exchanges Unification Ordinance (Cap. 361), no person, other than the Exchange Company, shall- (a) take or use the title "stock exchange" or "unified exchange" or "unified stock exchange" or "united exchange" or "united stock exchange"; or (b) take or use, or have attached to or exhibited at any place, any title which resembles any of the titles referred to in paragraph (a) or which so closely resembles any of such titles as to be calculated to deceive. (Replaced 58 of 1985 s. 39)

2026-05-05 12:15:01 · Baseline

View content