Hong Kong Regulations

SECURITIES AND FUTURES (LEVY) RULES - SECT 7

Late remittance charge

(1) If the Exchange Company fails to remit any levy when required under these
Rules, it shall pay to the Commission a late remittance charge of 2% above the
average of the best lending rates respectively quoted by each note-issuing
bank within the meaning of section 2 of the Legal Tender 
Notes Issue Ordinance ( Cap 65), on the amount of the levy, calculated on a
daily basis commencing on the date of default until remittance of the levy is
made.

(2) The late remittance charge payable under subsection (1) is recoverable as
a civil debt due to the Commission.