Hong Kong Regulations

SECURITIES AND FUTURES (INVESTOR COMPENSATION-LEVY) RULES - SECT 20

Report

(Past version on 01/04/2003).

(1) Subject to subsection (3), the Exchange Company shall, within one month
after 31 March in each year or such longer period as may be specified by the
Commission either generally or in a particular case, furnish to the Commission
a report certifying that the returns furnished under section 15 and relating
to all remittances made in the 12 months ending on 31 March in that year are
correct and comply with these Rules, and that the levies to which the
remittances relate have been paid in accordance with these Rules. (L.N. 108 of
2005)

(2) The report furnished under subsection (1) shall be-

   (a)  in such form as may be specified by the Commission; and

   (b)  prepared and certified, at the expense of the Exchange Company, by an
        auditor appointed by the Exchange Company under the Companies 
        Ordinance ( Cap 32).

(3) The Exchange Company is not required to furnish a report under subsection
(1) in respect of any 12 month period specified in that subsection if-

   (a)  no person is required to pay any levy under these Rules during that
        period; and

   (b)  no refund, adjustment, collection or remittance of levy was made or
        has fallen due under these Rules during that period. (L.N. 108 of
        2005)