Hong Kong Regulations

LEVERAGED FOREIGN EXCHANGE TRADING (ARBITRATION) RULES - SECT 29

Form and effect of awards

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

(1) An award shall be a reasoned award made in writing and shall be signed by
the arbitrator. It shall contain the date on which and the place where the
award was made.

(2) In addition to making a final award, the arbitrator shall have the power
to make interim, interlocutory or partial awards during the arbitration
proceedings.

(3) An award made by the arbitrator under this section shall be delivered to
the parties and lodged with the clerk for filing.

(4) An award made by the arbitrator shall be made public and where the
arbitrator considers it appropriate to do so, the award may be published on an
anonymous basis.

(5) Notwithstanding subsection (4), the Commission shall be notified by the
clerk of any award made in respect of a licensed trader and shall be entitled
to make use of any findings made by an arbitrator for the purposes of
exercising its functions under any Ordinance including, but without
limitation, assessing whether the licensed trader is a fit and proper person
to be so licensed.

(6) An award made by the arbitrator is final and binding on the parties.
(Enacted 1994)