Hong Kong Ordinances

SECURITIES AND FUTURES ORDINANCE - SECT 6

General duties of Commission

(1) In performing its functions, the Commission shall, so far as reasonably
practicable, act in a way which-

   (a)  is compatible with its regulatory objectives; and

   (b)  it considers most appropriate for the purpose of meeting those
        objectives.

(2) In pursuing its regulatory objectives and performing its functions, the
Commission shall have regard to-

   (a)  the international character of the securities and futures industry and
        the desirability of maintaining the status of Hong Kong as a
        competitive international financial centre;

   (b)  the desirability of facilitating innovation in connection with
        financial products and with activities regulated by the Commission
        under any of the relevant provisions;

   (c)  the principle that competition among persons carrying on activities
        regulated by the Commission under any of the relevant provisions
        should not be impeded unnecessarily;

   (d)  the importance of acting in a transparent manner, having regard to its
        obligations of preserving secrecy and confidentiality; and

   (e)  the need to make efficient use of its resources.