Hong Kong Regulations

LEVERAGED FOREIGN EXCHANGE TRADING (EXEMPTION) RULES - SECT 2

Exemption under section 2(2)(k) of the Ordinance

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

PART II

EXEMPTION

For the purposes of the Ordinance, other than section 39, "foreign exchange
trading" (外匯買賣) and "leveraged foreign exchange trading"
(槓桿式外匯買 賣) do not include any act performed for or in connection
with a contract or arrangement or a proposed contract or arrangement by-

   (a)  any person which is a corporation belonging to the class specified in
        section 3;

   (b)  a unit trust or a mutual fund corporation authorized by the Commission
        under section 15 of the Securities Ordinance ( Cap 333); or

   (c)  any person in the course of business for the purpose of managing a
        unit trust or mutual fund corporation authorized by the Commission
        under section 15 of the Securities Ordinance ( Cap 333). (Enacted
        1994. L.N. 559 of 1994) "foreign exchange trading" (外匯買賣) and
        "leveraged foreign exchange trading" (槓桿式外匯買賣)