Hong Kong Ordinances

DEPOSIT PROTECTION SCHEME ORDINANCE - SECT 30

Entitlement to compensation: trusts

(1) Subject to this Division, if a depositor of a protected deposit with a
failed Scheme member holds the deposit as a trustee under a trust, the
depositor is entitled, in respect of the deposit as at the date of the
specified event, to compensation from the Fund as such trustee of the trust.

(2) Subject to this Division, if a depositor of a protected deposit with a
failed Scheme member holds the deposit as a trustee under different trusts,
the depositor is entitled, in respect of each portion of the deposit held
under each of those trusts as at the date of the specified event, to
compensation from the Fund as such trustee of the trust.

(3) If the depositor consists of 2 or more persons, those persons are, for the
purpose of entitlement to compensation from the Fund, a single and continuing
body of persons as distinct from the persons who may from time to time be the
trustees.