Hong Kong Regulations

RESERVED COMMODITIES (CONTROL OF IMPORTS, EXPORTS AND RESERVE STOCKS) REGULATIONS - REGULATION 14

Certificate of registration of stockholder

(1) The Director shall issue to a stockholder a certificate of registration.

(2) Subject to regulation 16, a certificate of registration as a stockholder
shall be valid for the period stated in the certificate.

(3) The certificate of registration shall state-

   (a)  the quantity of the reserved commodity which the stockholder is
        required to hold in stock; and

   (b)  the conditions imposed by the Director under regulation 13(2).

(4) The quantity of a reserved commodity which a stockholder is required to
hold in stock shall not exceed the amount stated by the stockholder in his
application to be registered as a stockholder.

(5) A certificate of registration shall be in such form as the Director may
approve.

(6) The Director may at any time alter the conditions of registration of a
stockholder and the quantity of the reserved commodity which the stockholder
is required to hold in stock.

(7) Where the Director alters the conditions of registration of a stockholder
or the quantity of the reserved commodity the stockholder is required to hold
in stock the stockholder shall on being required by the Director surrender his
certificate to the Director who shall issue a new certificate to the
stockholder.