Hong Kong Regulations

SECURITIES AND FUTURES (FEES) RULES - SCHEDULE 1

FEES PRESCRIBED FOR PURPOSES OF SECTION 395(1)(a)(i), (iii) AND (iv) OF ORDINANCE

[sections 2, 3 & 11]

Item Description Amount

Fees relating to Part III of Ordinance

1. Annual fee payable in respect of authorization of the provision of
automated trading services under section 95(2) of the Ordinance $10000

Fees relating to Part IV of Ordinance

2. Fee payable on an application under section 104(1) of the Ordinance for-

   (a)  authorization of a collective investment scheme-

   (i)  within which there is, or could be, more than one fund; or

   (ii) which maintains, or is capable of maintaining, more than one fund
        $40000, plus $5000 for each such fund (excluding any such fund which
        is already within or maintained by another collective investment
        scheme which has been authorized under section 104 of the Ordinance)

   (b)  authorization of any other collective investment scheme $20000

   (c)  extension of authorization of a collective investment scheme to cover
        an additional fund $5000 (excluding any such fund which is already
        within or maintained by another collective investment scheme which has
        been authorized under section 104 of the Ordinance) 3. Fee payable in
        respect of-

   (a)  authorization of a collective investment scheme under section 104 of
        the Ordinance-

   (i)  within which there is, or could be, more than one fund; or

   (ii) which maintains, or is capable of maintaining, more than one fund
$20000, plus $2500 for each such fund (excluding any such fund which is
already within or maintained by another collective investment scheme which has
been authorized under section 104 of the Ordinance)

   (b)  authorization of any other collective investment scheme under section
        104 of the Ordinance $10000

   (c)  extension of authorization of a collective investment scheme under
        section 104 of the Ordinance to cover an additional fund $2500
        (excluding any such fund which is already within or maintained by
        another collective investment scheme which has been authorized under
        section 104 of the Ordinance) 4. Annual fee payable in respect of
        authorization of a collective investment scheme under section 104 of
        the Ordinance which is not limited to a period of less than 12 months-

   (a)  in the case of a collective investment scheme-

   (i)  within which there is, or could be, more than one fund; or

   (ii) which maintains, or is capable of maintaining, more than one fund
        $7500, plus $4500 for each such fund (excluding any such fund which is
        already within or maintained by another collective investment scheme
        which has been authorized under section 104 of the Ordinance)

   (b)  in the case of any other collective investment scheme $6000 5. Fee
        payable on an application for extension of the period of authorization
        of any collective investment scheme under section 104 of the Ordinance
        which authorization is limited to a period of less than 12 months
        $20000 6. Fee payable on an application under section 105(1) of the
        Ordinance for authorization of the issue of an advertisement,
        invitation or document other than that in respect of any collective
        investment scheme which is authorized under section 104 of the
        Ordinance $20000 7. Fee payable in respect of authorization of the
        issue of an advertisement, invitation or document under section 105 of
        the Ordinance other than that in respect of any collective investment
        scheme which is authorized under section 104 of the Ordinance $10000
        8. Fee payable on an application to modify a previous authorization
        under section 105 of the Ordinance of the issue of an advertisement,
        invitation or document in respect of-

   (a)  any instrument specified in Part 2 of Schedule 4 to the Ordinance
        $3000

   (b)  any certificate of deposit $3000

   (c)  any securities other than interests in a collective investment scheme
        $3000

Fees relating to Part V of Ordinance

9. Fee payable on an application-

   (a)  for the grant of a licence under section 116, 117, 120 or 121 of the
        Ordinance where a licensed corporation or licensed representative has
        substantially changed its or his particulars since the grant of the
        existing licence
$200

   (b)  for the grant of a certificate of registration under section 119 of
        the Ordinance where a registered institution has substantially changed
        its particulars since the grant of the existing certificate of
        registration $200 10. Fee payable for renewal of a modification or
        waiver referred to in item 16(e), (f), (g), (h), (i) or (j) of
        Schedule 3 $4000 11. Fee payable pursuant to section 136(6)(b) of the
        Ordinance for certification of a copy of a document as a true copy
        $200

Fees relating to Part VI of Ordinance

12. Fee payable-

   (a)  (subject to paragraph (c)) on an application under section 155(3)(a)
        of the Ordinance for approval in respect of an alteration of date on
        which the financial year ends
$2000

   (b)  (subject to paragraph (c)) on an application under section 155(3)(b)
        of the Ordinance for approval in respect of the adoption of a period
        which exceeds 12 months as the financial year $2000

   (c)  on an application for approval in respect of both of the matters
        referred to in paragraphs (a) and (b) respectively $2000 13. Fee
        payable on an application under section 156(4) of the Ordinance for
        extension of the period within which financial statements and other
        documents, and any auditor's report, are required to be submitted
        under section 156(1) or (2) of the Ordinance $2000

Fees relating to Part XV of Ordinance

14. Fee payable on an application under section 309(2) or (3) of the Ordinance
for exemption from all or any of the provisions of Part XV of the Ordinance
$24000

Miscellaneous fees

15. Fee payable on submission of any information or document to the Commission
requiring its consideration and advice (including any advice relating to the
application of Part IV of the Ordinance and any advice relating to the
authorization for registration of a prospectus under section 38D or 342C of
the Companies Ordinance ( Cap 32)) $10000 16. Fee payable on an application
pursuant to section 11 of the Securities 
and Futures (Client Securities) Rules ( Cap 571 sub. leg. H) for any approval
$6000 17. Fee payable for renewal of an approval referred to in item 16 $4000
18. Fee payable on an application pursuant to section 4(2)(b) of the
Securities and Futures (Client Money) Rules ( Cap 571 sub. leg. I) for any
approval $6000 19. Fee payable for renewal of an approval referred to in item
18 $4000 20. Fee payable for renewal of an approval referred to in item 19 of
Schedule 3 $4000 21. Fee payable on an application under section 38D or 342C
of the Companies Ordinance ( Cap 32) for authorization for registration of a
prospectus under that Ordinance-

   (a)  in the case of rights issue prospectus

   (b)  in the case of Eurobond issue prospectus

   (c)  in the case of warrant issue prospectus

   (d)  in the case of any prospectus relating to interests in a collective
        investment scheme

   (e)  in the case of any prospectus, not referred to in paragraph (a), (b),

   (c)  or (d), which offers any shares in or debentures of a corporation that
        have been approved by a recognized exchange company for listing on a
        recognized stock market $15000
$15000
$10000
nil

$30000

   (f)  in the case of any other prospectus $30000 22. Fee payable for a copy
        of a document provided by the Commission in the performance of a
        function under any of the relevant provisions for which no fee is
        otherwise prescribed in this Schedule $9 per page