Hong Kong Ordinances

SECURITIES AND FUTURES ORDINANCE - SECT 50

Adjustment of prior transactions

(1) No order shall be made pursuant to-

   (a)  section 49 or 50 of the Bankruptcy Ordinance ( Cap 6);

   (b)  section 266 of the Companies Ordinance ( Cap 32); or

   (c)  section 60 of the Conveyancing and Property Ordinance ( Cap 219), in
        relation to any matter to which this section applies.

(2) The matters to which this section applies are-

   (a)  a market contract;

   (b)  a disposal of property pursuant to a market contract;

   (c)  the provision of market collateral;

   (d)  a contract effected by a recognized clearing house for the purpose of
        realizing property provided as market collateral;

   (e)  a disposal of property in accordance with the rules of a recognized
        clearing house as to the application of property provided as
        market collateral;

   (f)  a market charge; and

   (g)  any default proceedings.