SECURITIES (STOCK LENDING) RULES
- CHAPTER 333M

SECURITIES (STOCK LENDING) RULES - LONG TITLE  
Empowering section (Repealed 5 of 2002 s. 406) VerDate:01/04/2003







SECURITIES (STOCK LENDING) RULES - LONG TITLE  
Empowering section VerDate:03/07/2000



(Cap 333, section 146(1)(oa))

[3 July 2000]

(L.N. 199 of 2000)



SECURITIES (STOCK LENDING) RULES - SECT 1
(Omitted as spent) VerDate:03/07/2000



(Omitted as spent)



SECURITIES (STOCK LENDING) RULES - SECT 2
(Repealed 5 of 2002 s. 406) VerDate:01/04/2003







SECURITIES (STOCK LENDING) RULES - SECT 2
Interpretation VerDate:03/07/2000



In these Rules, unless the context otherwise requires-
"blanket assurance" (概括性保證) means a confirmation from a lender to a 
borrower that the lender has a sufficient overall supply of a defined 
group of securities such that for a specific period of time as agreed on 
by the parties the securities concerned are available to lend to the 
borrower;
"borrow" (借用安排) means a borrowing of securities pursuant to a securities 
borrowing and lending agreement, irrespective of whether the borrowed 
securities have been delivered by the lender to the borrower;
"documentary record" (文件紀錄) includes any tape recording and any form of 
computer input or output or similar record (whether produced mechanically, 
electronically, magnetically, optically, manually or by any other means);
"hold" (持有確認) means a confirmation from a lender to a borrower that for a 
specific period of time as agreed on by the parties specific securities in 
a specific quantity are available to lend to the borrower;
"lender" (借出人) means a lender of securities under a securities borrowing 
and lending agreement, provided that securities are being lent under the 
agreement as agent for clients, the agent and not also its clients shall 
be regarded as the lender for the purposes of these Rules;
"securities" (證券) means securities as defined in section 2(1) of the 
Ordinance which are listed on the Unified Exchange;
"securities borrowing and lending agreement" (證券借貸協議) has the same meaning 
as in section 80A of the Ordinance.
"blanket assurance" (概括性保證) 
"borrow" (借用安排)
"documentary record" (文件紀錄)
"hold" (持有確認)
"lender" (借出人)
"securities" (證券)
"securities borrowing and lending agreement" (證券借貸協議)


SECURITIES (STOCK LENDING) RULES - SECT 3
(Repealed 5 of 2002 s. 406) VerDate:01/04/2003







SECURITIES (STOCK LENDING) RULES - SECT 3
Record keeping by lenders VerDate:03/07/2000




(1)	When a lender gives a blanket assurance or a hold to a 
borrower, or enters into a borrow, the lender shall make a documentary 
record of this, identifying the following-

        (a)	name of the borrower;

        (b)	securities or group of securities borrowed, or available for 
borrowing and quantity thereof;

        (c)	whether a blanket assurance or a hold has been given or a 
borrow has been entered into, and the time it was given or entered into, 
as the case may be.

(2)	The lender shall-

        (a)	subject to paragraph (b), retain the documentary record 
referred to in subsection (1) for not less than one year from the date the 
relevant record was made; and

        (b)	provide any such record to the Commission upon request made at 
any time within that year by an employee of the Commission.