Hong Kong Regulations

LEVERAGED FOREIGN EXCHANGE TRADING (FINANCIAL RESOURCES) RULES - SECT 10

Licensed leveraged foreign exchange trader to notify Commission of changes in circumstances

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

A licensed leveraged foreign exchange trader shall immediately notify the
Commission in writing whenever-

   (a)  its issued and paid up share capital falls below the amount required
        to be maintained by it under section 4;

   (b)  its liquid capital falls below 120% of the amount required to be
        maintained by it under section 4;

   (c)  its liquid capital falls below the amount required to be maintained by
        it under section 4;

   (d)  its liquid capital falls below 80% of the amount stated in its latest
        return lodged with the Commission;

   (e)  its aggregate gross position exceeds 80% of its position limit as
        prescribed by section 8;

   (f)  its aggregate gross position exceeds its position limit as prescribed
        by section 8; or

   (g)  the information stated in any of its previous returns lodged with the
        Commission has become misleading in a material respect, and the
        reasons therefor. (Enacted 1994)