Hong Kong Ordinances

SECURITIES AND FUTURES ORDINANCE - SECT 76

Fees to be approved by Commission

(1) No fee imposed on or after the commencement of this section by-

   (a)  a recognized exchange controller in its capacity as a recognized
        exchange controller; or

   (b)  a recognized exchange company or recognized clearing house-

        (i)    of which the recognized exchange controller is a controller;
               and

        (ii)   in its capacity as a recognized exchange company or recognized
               clearing house (as the case may be), shall have effect unless
               the fee is specified in the rules of the recognized exchange
               controller, recognized exchange company or recognized clearing
               house (as the case may be) and has the approval in writing of
               the Commission.

(2) The Commission shall, in deciding whether or not to approve a fee referred
to in subsection (1), have regard to, among other matters-

   (a)  the level of competition (if any) in Hong Kong for the matter for
        which the fee is to be imposed; and

   (b)  the level of fee (if any) imposed by another recognized exchange
        controller, recognized exchange company or recognized clearing house
        or any similar body outside Hong Kong, for the same or a similar
        matter to which the fee relates.