Hong Kong Regulations

LEVERAGED FOREIGN EXCHANGE TRADING (FINANCIAL RESOURCES) RULES - SECT 9

Licensed leveraged foreign exchange trader to notify Commission of changes in accounting policies

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

PART III

RETURNS AND NOTIFICATIONS TO COMMISSION

(1) Subject to subsection (2), where a licensed leveraged foreign exchange
trader alters any of its accounting policies and the alteration will have a
material effect on its liquid capital, liquid assets or ranking liabilities,
it shall notify the Commission in writing in advance of the alteration and of
the reasons for the alteration.

(2) This section does not apply to any alteration of accounting policies made
pursuant to a requirement of the Statements of Standard Accounting Practice
published by the Hong Kong Society of Accountants. (Enacted 1994)