Hong Kong Regulations

LEVERAGED FOREIGN EXCHANGE TRADING (BOOKS, CONTRACT NOTES AND CONDUCT OF BUSINESS) RULES - SECT 17

Personal dealings by staff

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

(1) No representative or employee of a licensed trader shall be a client of
another licensed trader.

(2) A licensed trader must make reasonable enquiries to ensure that none of
its representatives or employees contravenes subsection (1).

(3) A licensed trader shall have a policy, which shall be communicated in
writing to its representatives or employees, as to whether they are permitted
to deal for their own account.

(4) A licensed trader who permits its representatives or employees to deal for
their own account shall ensure that-

(a) contracts undertaken for the account of a representative or employee must
be separately recorded and clearly identified as such in the records of the
licensed trader; and

   (b)  contracts undertaken for the account of a representative or employee
        must be reported to and reviewed on a daily basis by a director of the
        licensed trader. (Enacted 1994)