Hong Kong Regulations

LEVERAGED FOREIGN EXCHANGE TRADING (EXEMPTION) RULES - SECT 4

Notices

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

(1) Any corporation belonging to the class referred to in section  2 (a)
which, but for these Rules, would require to be licensed by the Commission
under section 7(1)(a) of the Ordinance, shall annually, within 4 months of the
end of its financial year, notify the Commission in writing- (L.N. 559 of
1994)

   (a)  that it belongs to the class specified in section 3; and

   (b)  of the grounds on which it belongs to that class, in sufficient detail
        to enable the Commission to verify that the corporation does so
        belong.

(2) If a corporation belonging to the class referred to in section  2 (a)
which has filed a notice pursuant to subsection (1) ceases to have a
qualifying credit rating, it shall within 7 days thereof notify the Commission
in writing of the cessation. (L.N. 559 of 1994) (Enacted 1994)