Hong Kong Ordinances

CLEARING AND SETTLEMENT SYSTEMS ORDINANCE

- CHAPTER 584

TABLE OF PROVISIONS

           Long Title

   1.      Short title
   2.      Interpretation
   3.      Application
   4.      Monetary Authority may designate clearing and settlement systems
   5.      Revocation of designation
   6.      Obligation to inform Monetary Authority of name and address, etc.
   7.      Requirements applying to designated systems
   8.      Safety and efficiency
   9.      Functions of Monetary Authority
   10.     Power of Chief Executive to give directions
   11.     Power of Monetary Authority to exempt
   12.     Monetary Authority may request information or documents
   13.     Monetary Authority may give directions
   14.     Monetary Authority may impose operating rules
   15.     Interpretation
   16.     Monetary Authority may issue certificate of finality
   17.     Suspension or revocation of certificate of finality
   18.     Scope of modification of law of insolvency under this Division
   19.     Transfers and settlements within designated systems are final
   20.     Proceedings of designated systems take precedence over law of
           insolvency
   21.     Abrogation of statutory provisions relating to disclaimer of property,
           restriction on dispositions of property, etc.
   22.     Abrogation of statutory powers relating to adjustment of prior
           transactions
   23.     Net sum payable on completion of default arrangements provable in
           insolvency proceedings
   24.     Transfer orders entered into designated system after insolvency not
           affected
   25.     Netting may be effected
   26.     Law of insolvency in other jurisdictions
   27.     Preservation of rights, etc. in underlying transactions
   28.     Right of relevant insolvency office-holder to recover gain from
           transaction at undervalue between 2 participants
   29.     Right of relevant insolvency office-holder to recover transfer between
           2 participants giving unfair preference
   30.     Duty to report on completion of default proceedings
   31.     Obligation of participant to notify of bankruptcy or winding up
   32.     Order releasing relevant insolvency office-holder from obligations in
           relation to default proceedings
   33.     Enforcement of judgments over property of participant as judgment
           debtor
   34.     Establishment of Clearing and Settlement Systems Appeals Tribunal
   35.     Review of decisions by Tribunal
   36.     Powers of Tribunal
   37.     Use of incriminating evidence given under compulsion
   38.     Contempt dealt with by Tribunal
   39.     Appeal to Court of Appeal
   40.     Power of Chief Justice to make rules
   41.     Contravention of provisions of Part 2
   42.     Contravention of provisions of Part 3
   43.     Contravention of provision of Part 4
   44.     Contravention of provisions of Part 6
   45.     Giving false information to Monetary Authority
   46.     Misrepresentation in respect of designated system
   47.     False entry in document
   48.     Liability of company officers
   49.     Power of Monetary Authority to make regulations
   50.     Confidentiality
   51.     Immunity
   52.     Power of Monetary Authority to require information to be given
   53.     Requirement to give information relating to default
   54.     Guidelines
   55.     Systems deemed to have been designated
   56.     Service of notices
   57.     Amendment of Schedules
   58.     Notices, etc. as subsidiary legislation
   59.     (Omitted as spent)
           SCHEDULE 1
           SCHEDULE 2


[ Note: This table has been automatically generated and may be incomplete. ]