Hong Kong Regulations

LEVERAGED FOREIGN EXCHANGE TRADING (ARBITRATION) RULES - SECT 4

Constitution of Arbitration Panel

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

(1) For the purposes of resolving disputes in accordance with these Rules,
there shall be established a panel to be known as the Arbitration Panel.

(2) The Arbitration Panel shall consist of members, including a chairman and a
deputy chairman, who are appointed by the Financial Secretary.

(3) Directors and employees of the Commission shall not be eligible for
appointment as members of the Arbitration Panel.

(4) A member of the Arbitration Panel shall hold office for such period as the
Financial Secretary may determine and may resign his office at any time by
letter sent to the Financial Secretary.

(5) If the office of chairman of the Arbitration Panel is vacant or the
chairman of the Arbitration Panel is unable to act as chairman of the
Arbitration Panel due to illness, other incapacity or absence from Hong Kong,
the deputy chairman of the Arbitration Panel or, failing him, such other
member of the Arbitration Panel as the Financial Secretary may appoint, shall
act as chairman in his place.

(6) The Arbitration Panel shall have a clerk, whose functions shall be
performed by a person whom the Commission may from time to time appoint and
until such person is appointed, such functions shall be performed by the
HKIAC.

(7) A list of members of the Arbitration Panel may be obtained from the clerk
who shall prepare and maintain such a list. (Enacted 1994)