SECURITIES AND FUTURES COMMISSION (LEVY) (SECURITIES) ORDER - CHAPTER 24A SECURITIES AND FUTURES COMMISSION (LEVY) (SECURITIES) ORDER - LONG TITLE Empowering section (Repealed 5 of 2002 s. 406) VerDate:01/04/2003 SECURITIES AND FUTURES COMMISSION (LEVY) (SECURITIES) ORDER - LONG TITLE Empowering section VerDate:30/06/1997 (Cap 24, section 52(1) and (3)(c)) [1 May 1989] (L.N. 125 of 1989) SECURITIES AND FUTURES COMMISSION (LEVY) (SECURITIES) ORDER - PARAGRAPH 1 (Repealed 5 of 2002 s. 406) VerDate:01/04/2003 SECURITIES AND FUTURES COMMISSION (LEVY) (SECURITIES) ORDER - PARAGRAPH 1 Citation VerDate:30/06/1997 This order may be cited as the Securities and Futures Commission (Levy) (Securities) Order. (Enacted 1989) SECURITIES AND FUTURES COMMISSION (LEVY) (SECURITIES) ORDER - PARAGRAPH 2 (Repealed 5 of 2002 s. 406) VerDate:01/04/2003 SECURITIES AND FUTURES COMMISSION (LEVY) (SECURITIES) ORDER - PARAGRAPH 2 Rate of levy under section 52(1) VerDate:16/11/2001 "Exchange Traded Funds" (交易所買賣基金) "Exchange Traded Funds Market Maker" (交易所買賣基金莊家) "Pilot Programme" (試驗計劃) "Pilot Programme Market Maker" (試驗計劃莊家) "Pilot Programme Securities" (試驗計劃證券) "rules of the Unified Exchange" (聯交所規則) (1) Subject to subparagraphs (2), (3) and (3A), the rate of levy for the purposes of section 52(1) of the Ordinance shall be 0.007% of the consideration referred to in that section. (L.N. 99 of 2000; L.N. 200 of 2000; 22 of 2001 s. 2; L.N. 189 of 2001) (2) The rate of levy for the purposes of section 52(1) of the Ordinance shall, on the sale and purchase of a stock option, be 0% of the consideration. (3) The rate of levy for the purposes of section 52(1) of the Ordinance that a Pilot Programme Market Maker is liable to pay on his purchase or sale in such a capacity of Pilot Programme Securities shall be 0% of the consideration. (L.N. 200 of 2000) (3A) The rate of levy for the purposes of section 52(1) of the Ordinance that an Exchange Traded Funds Market Maker is liable to pay on his purchase or sale in such a capacity of shares in Exchange Traded Funds shall be 0% of the consideration. (L.N. 189 of 2001) (4) In this paragraph- "Exchange Traded Funds" (交易所買賣基金) means mutual funds or unit investment trusts that hold portfolios of securities which are designed generally to correspond to the price and yield performance of the underlying portfolio of securities with in kind creation and redemption facilities and which are listed or traded on the Stock Exchange Company as a single security; (L.N. 189 of 2001) "Exchange Traded Funds Market Maker" (交易所買賣基金莊家) means an exchange participant registered as a market maker of the Exchange Traded Funds by the Stock Exchange Company in accordance with the rules of the Unified Exchange but does not include a Pilot Programme Market Maker; (L.N. 189 of 2001) "Pilot Programme" (試驗計劃) has the meaning assigned to it by the rules of the Unified Exchange; "Pilot Programme Market Maker" (試驗計劃莊家) has the meaning assigned to it by the rules of the Unified Exchange; "Pilot Programme Securities" (試驗計劃證券) means securities that are traded on the Unified Exchange under the Pilot Programme; "rules of the Unified Exchange" (聯交所規則) means the rules made by the Stock Exchange Company under section 34 of the Stock Exchanges Unification Ordinance (Cap 361). (L.N. 200 of 2000) (L.N. 354 of 1995; L.N. 16 of 1998) SECURITIES AND FUTURES COMMISSION (LEVY) (SECURITIES) ORDER - PARAGRAPH 2 Rate of levy under section 52(1) VerDate:01/09/2001 "Pilot Programme" (試驗計劃) "Pilot Programme Market Maker" (試驗計劃莊家) "Pilot Programme Securities" (試驗計劃證券) "rules of the Unified Exchange" (聯交所規則) (1) Subject to subparagraphs (2) and (3), the rate of levy for the purposes of section 52(1) of the Ordinance shall be 0.007% of the consideration referred to in that section. (L.N. 99 of 2000; L.N. 200 of 2000; 22 of 2001 s. 2) (2) The rate of levy for the purposes of section 52(1) of the Ordinance shall, on the sale and purchase of a stock option, be 0% of the consideration. (3) The rate of levy for the purposes of section 52(1) of the Ordinance that a Pilot Programme Market Maker is liable to pay on his purchase or sale in such a capacity of Pilot Programme Securities shall be 0% of the consideration. (L.N. 200 of 2000) (4) In this paragraph- "Pilot Programme" (試驗計劃) has the meaning assigned to it by the rules of the Unified Exchange; "Pilot Programme Market Maker" (試驗計劃莊家) has the meaning assigned to it by the rules of the Unified Exchange; "Pilot Programme Securities" (試驗計劃證券) means securities that are traded on the Unified Exchange under the Pilot Programme; "rules of the Unified Exchange" (聯交所規則) means the rules made by the Stock Exchange Company under section 34 of the Stock Exchanges Unification Ordinance (Cap 361). (L.N. 200 of 2000) (L.N. 354 of 1995; L.N. 16 of 1998) SECURITIES AND FUTURES COMMISSION (LEVY) (SECURITIES) ORDER - PARAGRAPH 2 Rate of levy under section 52(1) VerDate:03/07/2000 (1) Subject to subparagraphs (2) and (3), the rate of levy for the purposes of section 52(1) of the Ordinance shall be 0.01% of the consideration referred to in that section. (L.N. 99 of 2000; L.N. 200 of 2000) (2) The rate of levy for the purposes of section 52(1) of the Ordinance shall, on the sale and purchase of a stock option, be 0% of the consideration. (3) The rate of levy for the purposes of section 52(1) of the Ordinance that a Pilot Programme Market Maker is liable to pay on his purchase or sale in such a capacity of Pilot Programme Securities shall be 0% of the consideration. (L.N. 200 of 2000) (4) In this paragraph- "Pilot Programme" (試驗計劃) has the meaning assigned to it by the rules of the Unified Exchange; "Pilot Programme Market Maker" (試驗計劃莊家) has the meaning assigned to it by the rules of the Unified Exchange; "Pilot Programme Securities" (試驗計劃證券) means securities that are traded on the Unified Exchange under the Pilot Programme; "rules of the Unified Exchange" (聯交所規則) means the rules made by the Stock Exchange Company under section 34 of the Stock Exchanges Unification Ordinance (Cap 361). (L.N. 200 of 2000) (L.N. 354 of 1995; L.N. 16 of 1998) "Pilot Programme" (試驗計劃) "Pilot Programme Market Maker" (試驗計劃莊家) "Pilot Programme Securities" (試驗計劃證券) "rules of the Unified Exchange" (聯交所規則) SECURITIES AND FUTURES COMMISSION (LEVY) (SECURITIES) ORDER - PARAGRAPH 2 Rate of levy under section 52(1) VerDate:12/06/2000 (1) Subject to subparagraph (2), the rate of levy for the purposes of section 52(1) of the Ordinance shall be 0.01% of the consideration referred to in that section. (L.N. 99 of 2000) (2) The rate of levy for the purposes of section 52(1) of the Ordinance shall, on the sale and purchase of a stock option, be 0% of the consideration. (L.N. 354 of 1995; L.N. 16 of 1998) SECURITIES AND FUTURES COMMISSION (LEVY) (SECURITIES) ORDER - PARAGRAPH 2 Rate of levy under section 52(1) VerDate:01/04/1998 (1) Subject to subparagraph (2), the rate of levy for the purposes of section 52(1) of the Ordinance shall be 0.011% of the consideration referred to in that section. (2) The rate of levy for the purposes of section 52(1) of the Ordinance shall, on the sale and purchase of a stock option, be 0% of the consideration. (L.N. 354 of 1995; L.N. 16 of 1998) SECURITIES AND FUTURES COMMISSION (LEVY) (SECURITIES) ORDER - PARAGRAPH 2 Rate of levy under section 52(1) VerDate:30/06/1997 (1) Subject to subparagraph (2), the rate of levy for the purposes of section 52(1) of the Ordinance shall be 0.013% of the consideration referred to in that section. (2) The rate of levy for the purposes of section 52(1) of the Ordinance shall, on the sale and purchase of a stock option, be 0% of the consideration. (L.N. 354 of 1995) SECURITIES AND FUTURES COMMISSION (LEVY) (SECURITIES) ORDER - PARAGRAPH 3 (Repealed 5 of 2002 s. 406) VerDate:01/04/2003 SECURITIES AND FUTURES COMMISSION (LEVY) (SECURITIES) ORDER - PARAGRAPH 3 Percentage specified under section 52(3)(c) as amount to be retained VerDate:01/09/2001 The amount of the levy collected under section 52(3)(a) which is to be retained by the Stock Exchange Company pursuant to section 52(3)(b) shall be 0% thereof. (Enacted 1989. L.N. 367 of 1994; L.N. 16 of 1998; L.N. 99 of 2000; 22 of 2001 s. 3) SECURITIES AND FUTURES COMMISSION (LEVY) (SECURITIES) ORDER - PARAGRAPH 3 Percentage specified under section 52(3)(c) as amount to be retained VerDate:12/06/2000 The amount of the levy collected under section 52(3)(a) which is to be retained by the Stock Exchange Company pursuant to section 52(3)(b) shall be 50% thereof. (Enacted 1989. L.N. 367 of 1994; L.N. 16 of 1998; L.N. 99 of 2000) SECURITIES AND FUTURES COMMISSION (LEVY) (SECURITIES) ORDER - PARAGRAPH 3 Percentage specified under section 52(3)(c) as amount to be retained VerDate:01/04/1998 The amount of the levy collected under section 52(3)(a) which is to be retained by the Stock Exchange Company pursuant to section 52(3)(b) shall be 63.64% thereof. (Enacted 1989. L.N. 367 of 1994; L.N. 16 of 1998) SECURITIES AND FUTURES COMMISSION (LEVY) (SECURITIES) ORDER - PARAGRAPH 3 Percentage specified under section 52(3)(c) as amount to be retained VerDate:30/06/1997 The amount of the levy collected under section 52(3)(a) which is to be retained by the Stock Exchange Company pursuant to section 52(3)(b) shall be 54% thereof. (Enacted 1989; L.N. 367 of 1994)