1964_SECURITIES_ORDINANCE — Page 22

1989 Ed.]

Securities

[CAP. 333

21

(2) Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine of $100,000 and, in the case of a continuing offence, to a further fine of $5,000 for each day during which the offence continues.

22. Dealer not to deal in securities in a stock market that is not the Unified Exchange

Any dealer who transacts a dealing in securities at or through a stock market in Hong Kong which, to his knowledge, is not the Unified Exchange shall be guilty of an offence, and shall be liable on conviction to a fine of $50,000 in respect of each such dealing.

23. Power of entry and search, etc.

(Amended 58 of 1985 s. 40)

(1) Any authorized officer may, with the assistance of such other officers as may be necessary, without warrant-

(a) enter and search any premises in which he reasonably suspects that an offence against section 20 or 22 is being or has been committed; and

(b) remove and detain any thing which he has reason to believe is evidence of the commission of the offence.

(2) Any such officer may, in the exercise of the powers conferred on him under subsection (1)-

(a) break open any outer or inner door of any premises which he is empowered to enter under that subsection;

(b) remove by force any person or thing obstructing him in the exercise of any such powers;

(c) detain any person found in the premises until they have been searched.

(3) In this section "authorized officer" means an authorized officer of the Commission or any police officer not below the rank of superintendent.

(4) The provisions of section 102 of the Criminal Procedure Ordinance (Cap. 221) (which makes provision for the disposal of property connected with offences) shall apply to any thing which has come into the possession of the Commission under this section in the same way as it applies to property which has come into the possession of the police.

24. Power to order closure

(Amended 10 of 1989 s. 65)

(1) If any person is charged with an offence against section 20, a magistrate may, on application made by or on behalf of the Commission, order that any premises in which the stock market is alleged to have been operated be locked and secured until the charge is heard and determined.