22
CAP. 333]
Securities
[1989 Ed.
(2) Any person aggrieved by the making of an order under subsection (1) and having an interest in the premises in respect of which the order was made may apply to a magistrate to have the order discharged; and on the hearing of the application the magistrate may either confirm the order or direct that it be discharged.
(3) An application under subsection (2) shall not be heard unless a copy of the application has been served on the Commission at least 24 hours before the hearing.
(4) If any person is convicted of an offence against section 20, the court may order the premises in which the stock market was operated to be locked and secured for such period not exceeding 3 months as may be specified in the order. (Amended 58 of 1985 s. 41)
(5) Where any order under subsection (1) or (4) has been made, any authorized officer may take such steps as may be necessary to ensure that the premises to which the order relates are locked and secured.
(6) Any person who enters or attempts to enter any premises in respect of which an order made under subsection (1) or (4) is in force without the authority of the Commission shall be guilty of an offence and shall be liable on conviction to a fine of $50,000.
(7) In this section "authorized officer" means an authorized officer of the Commission or any police officer.
(Amended 10 of 1989 s. 65)
25. (Repealed 58 of 1985 s. 42)
26. Suspension of dealings for misconduct, etc.
(1) The Commission may
(a) on any of the grounds specified in section 36 of the Stock Exchanges Unification Ordinance (Cap. 361); and
(b) instead of withdrawing its recognition of the Exchange Company pursuant to that section,
direct that the premises of the Unified Exchange be closed forthwith for the transaction of dealings in securities and remain closed until the Commission revokes the direction.
(2) (Repealed 10 of 1989 s. 65)
(3) The Commission shall give to the Exchange Company not less than 14 days' notice in writing of its intention to issue a direction under subsection (1) and the notice shall specify the grounds therefor.
(4) While a direction under subsection (1) remains in force, the recognition of the Exchange Company given under section 3 of the Stock Exchanges Unification Ordinance (Cap. 361) shall, for the purposes of the application of sections 20, 21 and 22, be deemed to have been withdrawn.
22
CAP. 333]
Securities
[1989 Ed.
(2) Any person aggrieved by the making of an order under subsection (1) and having an interest in the premises in respect of which the order was made may apply to a magistrate to have the order discharged; and on the hearing of the application the magistrate may either confirm the order or direct that it be discharged.
(3) An application under subsection (2) shall not be heard unless a copy of the application has been served on the Commission at least 24 hours before the hearing.
(4) If any person is convicted of an offence against section 20, the court may order the premises in which the stock market was operated to be locked and secured for such period not exceeding 3 months as may be specified in the order. (Amended 58 of 1985 s. 41)
(5) Where any order under subsection (1) or (4) has been made, any authorized officer may take such steps as may be necessary to ensure that the premises to which the order relates are locked and secured.
(6) Any person who enters or attempts to enter any premises in respect of which an order made under subsection (1) or (4) is in force without the authority of the Commission shall be guilty of an offence and shall be liable on conviction to a fine of $50,000.
(7) In this section "authorized officer" means an authorized officer of the Commission or any police officer.
(Amended 10 of 1989 s. 65)
25. (Repealed 58 of 1985 s. 42)
26. Suspension of dealings for misconduct, etc.
(1) The Commission may
(a) on any of the grounds specified in section 36 of the Stock
Exchanges Unification Ordinance (Cap. 361); and
(b) instead of withdrawing its recognition of the Exchange Company
pursuant to that section,
direct that the premises of the Unified Exchange be closed forthwith for the transaction of dealings in securities and remain closed until the Commission revokes the direction.
(2) (Repealed 10 of 1989 s. 65)
(3) The Commission shall give to the Exchange Company not less than 14 days' notice in writing of its intention to issue a direction under subsection (1) and the notice shall specify the grounds therefor.
(4) While a direction under subsection (1) remains in force, the recognition of the Exchange Company given under section 3 of the Stock Exchanges Unification Ordinance (Cap. 361) shall, for the purposes of the application of sections 20, 21 and 22, be deemed to have been withdrawn.
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