Hong Kong Ordinances

CLEARING AND SETTLEMENT SYSTEMS ORDINANCE - SECT 3

Application

This Ordinance applies to and in relation to—

   (a)  a designated system that is established in a place outside Hong Kong;

   (b)  a system operator or settlement institution of, or a participant in, a
        designated system who, being an individual, is outside Hong Kong;

   (c)  a system operator or settlement institution of, or a participant in, a
        designated system that, being a corporation, is incorporated in a
        place outside Hong Kong; or

   (d)  an officer of a corporation that is a system operator or settlement
        institution of, or a participant in, a designated system who is
        outside Hong Kong, as it applies to and in relation to such a system
        that is established in Hong Kong, such an individual who is in Hong
        Kong, such a corporation that is incorporated in Hong Kong, or such an
        officer of a corporation who is in Hong Kong.