Hong Kong Regulations

SECURITIES AND FUTURES COMMISSION (LEVY) (SECURITIES) ORDER - PARAGRAPH 2

Rate of levy under section 52(1)

Caution: This is a past version. See the current version here.

(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)