1964_SECURITIES_ORDINANCE — Page 32

1989 Ed.]

Securities

[CAP. 333

31

(8) After ascertaining the amount required to be retained under subsection (7), the Commission shall cause the balance of the sums to be invested in such manner as it thinks fit.

(8A) Any document relating to the investment of money under subsec- tion (8) may be kept in the office of the Commission or deposited by it for safe keeping with a licensed bank. (Added 62 of 1976 s. 13)

(9) Where the Commission has invested the balance of the sums under subsection (8), it shall, as soon as practicable after the end of each financial year, by notice in the Gazette,-

(a) declare a rate of interest to be paid for that financial year in

respect of each sum deposited under this section;

of 1976 s. 13)

(Amended 62

(b) specify the manner and time of payment of that interest; and (c) specify an amount to be charged for management expenses incurred by the Commission in administering that sum under this section.

(10) As soon as practicable after the publication of the notice referred to in subsection (9), the Commission shall, after deducting the appropriate amount chargeable in respect of management expenses, pay to each person who has deposited the prescribed sum under this section, or to that person's duly authorized agent or personal representative, the appropriate amount of interest due in respect of that sum for the financial year in question. (Amended 62 of 1976 s. 13)

(11) If any person who has made a deposit under this section ceases to be registered as a dealer and the deposit has not been or is not required to be disposed of under subsection (2), that person, or his agent or personal representative, may apply to the Commission for the deposit to be released to him. (Amended 62 of 1976 s. 13)

(12) On making an application under subsection (11), the applicant shall--

(a) satisfy the Commission by a statutory declaration-

(i) that he knows of no other person who has made or is

entitled to make a claim in respect of the deposit;

(ii) if he is not the dealer who made the deposit, that he is entitled to give a good discharge for the deposit and stating the circumstances in which he is so entitled; and

(b) provide the Commission with such information as will satisfy him that an advertisement in a form approved by him has been inserted once in an English language newspaper, and once in a Chinese language newspaper, circulating in Hong Kong.

(13) The Commission, on being so satisfied, shall cause the amount of the deposit to be released to the applicant.

(Amended 10 of 1989 s. 65)