Hong Kong Ordinances

CLEARING AND SETTLEMENT SYSTEMS ORDINANCE - SECT 6

Obligation to inform Monetary Authority of name and address, etc.

Division 2—Obligations of designated systems

(1) Every person who, at the time of designation of a clearing and settlement
system under this Ordinance, is a system operator or settlement institution of
the system shall, within 6 days of the designation, inform the Monetary
Authority in writing of—

   (a)  his name, his place of business, a postal address and an electronic
        mail address;

   (b)  the aspects of the management or operations of the system for which he
        is responsible; and

   (c)  in addition, where the person is a corporation, the names and
        particulars of the directors and shareholders of the corporation and
        the name and particulars of the chief executive (if any) of the
        corporation.

(2) Where, subsequent to the designation of a clearing and settlement system,
there is any change to the particulars given or required to be given to the
Monetary Authority under subsection (1) in respect of the system, every person
to whom such change relates shall within 6 days of the change taking effect
inform the Monetary Authority in writing of the change.