SECURITIES AND FUTURES (TRANSFER OF FUNCTIONS-STOCK EXCHANGE COMPANY) ORDER
- CHAPTER 571AE

SECURITIES AND FUTURES (TRANSFER OF FUNCTIONS-STOCK EXCHANGE COMPANY) ORDER - LONG TITLE  
Empowering section VerDate:01/04/2003



(Cap 571, section 25)

[1 April 2003]  L.N. 12 of 2003

(L.N. 227 of 2002)



SECURITIES AND FUTURES (TRANSFER OF FUNCTIONS-STOCK EXCHANGE COMPANY) ORDER - SECT 1
(Omitted as spent) VerDate:01/04/2003



(Omitted as spent)



SECURITIES AND FUTURES (TRANSFER OF FUNCTIONS-STOCK EXCHANGE COMPANY) ORDER - SECT 1
Commencement VerDate: 



This Order shall come into operation on the day appointed for the 
commencement of the Securities and Futures Ordinance (Cap 571).



SECURITIES AND FUTURES (TRANSFER OF FUNCTIONS-STOCK EXCHANGE COMPANY) ORDER - SECT 2
Application VerDate:01/04/2003



Nothing in this Order applies to a prospectus offering for subscription or 
purchase interests in a collective investment scheme, the issue of which-

        (a)	would be an offence under section 103(1)(b) of the Ordinance; or

        (b)	is exempted from the application of section 103(1)(b) of the 
Ordinance solely by virtue of section 103(3)(h) of the Ordinance.



SECURITIES AND FUTURES (TRANSFER OF FUNCTIONS-STOCK EXCHANGE COMPANY) ORDER - SECT 3
Transfer of functions of the Commission VerDate:01/04/2003



The functions conferred upon the Commission by sections 38B(2A)(b), 38D(3) 
and (5) and 342C(3) and (5) of the Companies Ordinance (Cap 32) are 
transferred to the Stock Exchange Company-

        (a)	to the extent that they relate to any prospectus which is 
concerned with any shares in or debentures of a corporation that have been 
approved by the Stock Exchange Company for listing on a recognized stock 
market; and

        (b)	subject to the reservation that the Commission is to perform 
the functions concurrently with the Stock Exchange Company.



SECURITIES AND FUTURES (TRANSFER OF FUNCTIONS-STOCK EXCHANGE COMPANY) ORDER - SECT 4
Fees VerDate:01/04/2003



The Stock Exchange Company is entitled to charge and retain any fees 
payable in relation to its performance of functions transferred under this 
Order which, had this Order not been made, would be payable to the 
Commission under the Securities and Futures (Fees) Rules (Cap 571 sub. 
leg. AF) in relation to the performance by the Commission of such 
functions.