COMMODITIES TRADING (CONTRACT LEVY) RULES - CHAPTER 250C COMMODITIES TRADING (CONTRACT LEVY) RULES - LONG TITLE Empowering section (Repealed 5 of 2002 s. 406) VerDate:01/04/2003 COMMODITIES TRADING (CONTRACT LEVY) RULES - LONG TITLE Empowering section VerDate:30/06/1997 (Cap 250 section 79A) [1 November 1985] (L.N. 278 of 1985) COMMODITIES TRADING (CONTRACT LEVY) RULES - RULE 1 (Repealed 5 of 2002 s. 406) VerDate:01/04/2003 COMMODITIES TRADING (CONTRACT LEVY) RULES - RULE 1 Citation VerDate:30/06/1997 These rules may be cited as the Commodities Trading (Contract Levy) Rules. (Enacted 1985) COMMODITIES TRADING (CONTRACT LEVY) RULES - RULE 2 (Repealed 5 of 2002 s. 406) VerDate:01/04/2003 COMMODITIES TRADING (CONTRACT LEVY) RULES - RULE 2 Rate of contract levy VerDate:08/03/2002 (1) Subject to paragraph (2), the rate of the contract levy for the purpose of section 79A(1) of the Ordinance shall be $0.50 per leviable transaction. (2) The rate of the contract levy for the purpose of section 79A(1) of the Ordinance shall, in relation to- (a) Mini-Hang Seng Index Futures Contracts; and (b) all stock futures contracts and all options on such contracts, be $0.10 for every leviable transaction. (L.N. 9 of 2002) (3) In this Rule- "Mini-Hang Seng Index Futures Contracts" (小型恆生指數期貨合約) means the stock index futures contracts of which the contract specifications are set out in the rules of the Exchange Company. (L.N. 17 of 2001) "Mini-Hang Seng Index Futures Contracts" (小型恆生指數期貨合約) COMMODITIES TRADING (CONTRACT LEVY) RULES - RULE 2 Rate of contract levy VerDate:16/11/2001 "Mini-Hang Seng Index Futures Contracts" (小型恆生指數期貨合約) (1) Subject to paragraph (2), the rate of the contract levy for the purpose of section 79A(1) of the Ordinance shall be $0.50 per leviable transaction. (2) The rate of the contract levy for the purpose of section 79A(1) of the Ordinance shall, in relation to Mini-Hang Seng Index Futures Contracts and all stock futures contracts, be $0.10 per leviable transaction. (L.N. 191 of 2001) (3) In this Rule- "Mini-Hang Seng Index Futures Contracts" (小型恆生指數期貨合約) means the stock index futures contracts of which the contract specifications are set out in the rules of the Exchange Company. (L.N. 17 of 2001) COMMODITIES TRADING (CONTRACT LEVY) RULES - RULE 2 Rate of contract levy VerDate:14/02/2001 (1) Subject to paragraph (2), the rate of the contract levy for the purpose of section 79A(1) of the Ordinance shall be $0.50 per leviable transaction. (2) The rate of the contract levy for the purpose of section 79A(1) of the Ordinance shall, in relation to Mini-Hang Seng Index Futures Contracts, be $0.10 per leviable transaction. (3) In this Rule- "Mini-Hang Seng Index Futures Contracts" (小型恆生指數期貨合約) means the stock index futures contracts of which the contract specifications are set out in the rules of the Exchange Company. (L.N. 17 of 2001) "Mini-Hang Seng Index Futures Contracts" (小型恆生指數期貨合約) COMMODITIES TRADING (CONTRACT LEVY) RULES - RULE 2 Rate of contract levy VerDate:30/06/1997 The rate of the contract levy for the purpose of section 79A(1) of the Ordinance shall be $0.50 per leviable transaction. (Enacted 1985) COMMODITIES TRADING (CONTRACT LEVY) RULES - RULE 3 (Repealed 5 of 2002 s. 406) VerDate:01/04/2003 COMMODITIES TRADING (CONTRACT LEVY) RULES - RULE 3 Form and timing of returns VerDate:30/06/1997 (1) The Exchange Company shall within 5 working days after the end of each calendar month file with the Commission a return in the form prescribed in the Schedule showing the number of leviable transactions registered during that month. (L.N. 292 of 1990) (2) The return filed under paragraph (1) shall distinguish between buy and sell contracts and shall specify the commodity in respect of which each transaction was registered. (Enacted 1985) COMMODITIES TRADING (CONTRACT LEVY) RULES - RULE 4 (Repealed 5 of 2002 s. 406) VerDate:01/04/2003 COMMODITIES TRADING (CONTRACT LEVY) RULES - RULE 4 Assessment in default of returns VerDate:30/06/1997 (1) Where the Exchange Company fails to make a return to the Commission for any month within the period prescribed in rule 3, the contract levy shall be payable on the same number of leviable transactions as that shown on the return for the last month in respect of which a return was made, plus 20 per cent. (L.N. 292 of 1990) (2) (Repealed L.N. 292 of 1990) (3) Where the contract levy has been paid for any month on the basis of paragraph (1) and a return is subsequently filed in respect of that month, an adjustment shall be made in the amount of contract levy payable for the month in which the return is filed. (Enacted 1985) COMMODITIES TRADING (CONTRACT LEVY) RULES - RULE 5 (Repealed 5 of 2002 s. 406) VerDate:01/04/2003 COMMODITIES TRADING (CONTRACT LEVY) RULES - RULE 5 Manner and timing of payments VerDate:30/06/1997 (1) The Exchange Company shall with in 10 working days after the end of each calendar month pay to the Commission the contract levy based on- (a) the rate specified in rule 2; and (b) the number of leviable transactions shown in the return filed under rule 3 or assessed under rule 4. (2) Payment of the contract levy shall be made in such manner as may be agreed between the Commission and the Exchange Company from time to time. (L.N. 292 of 1990) (Enacted 1985) COMMODITIES TRADING (CONTRACT LEVY) RULES - RULE 6 (Repealed 5 of 2002 s. 406) VerDate:01/04/2003 COMMODITIES TRADING (CONTRACT LEVY) RULES - RULE 6 Provision of audited accounts VerDate:30/06/1997 (1) The Exchange Company shall before 30 April in each year furnish to the Commission audited accounts in support of the returns of leviable transactions made by the Exchange Company to the Commission for the 12 months ending on 31 March in that year. (2) Where audited accounts furnished under paragraph (1) show that an incorrect amount of contract levy has been paid for any period, an adjustment shall be made in the amount of contract levy payable thereafter, over such period as the Commission may determine. (L.N. 292 of 1990) (Enacted 1985) COMMODITIES TRADING (CONTRACT LEVY) RULES - SCHEDULE SCHEDULE (Repealed 5 of 2002 s. 406) VerDate:01/04/2003 COMMODITIES TRADING (CONTRACT LEVY) RULES - SCHEDULE SCHEDULE VerDate:30/06/1997 [rule 3] COMMODITIES TRADING (CONTRACT LEVY) RULES FORM OF RETURN To: Securities and Futures Commission From: The Exchange Company Return of leviable transactions during the month of ..................... 19 ............ No. of transactions Commodity Buy Sell Total Total I certify that the above return is a true record of leviable transactions during the month of ............................ 19 ............. Dated ............................................. Signed ............................................ Chairman, The Exchange Company. (L.N. 292 of 1990)