Hong Kong Regulations

SECURITIES AND FUTURES (INVESTOR COMPENSATION-LEVY) RULES - SECT 17

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 rate 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 the remittance of the levy is made.

(2) The late remittance charge payable under subsection (1) and the amount of
the levy referred to in subsection (1) are recoverable as a civil debt due to
the Commission.

(3) The Commission shall pay the late remittance charge paid to it under
subsection (1) into the compensation fund.