Hong Kong Regulations

SECURITIES AND FUTURES (RECOGNIZED COUNTERPARTY) RULES - SECT 2

Interpretation

In these Rules, unless the context otherwise requires-

"currency futures contract" (貨幣期貨合約) means a futures contract in
respect of any currency;

"dealing in futures contracts" (期貨合約交易) has the meaning assigned
to it by Part 2 of Schedule 5 to the Ordinance;

"equivalent corporation" (等同法團) means a corporation that-

   (a)  carries on a business in a specified jurisdiction in an activity
        which, if carried on in Hong Kong, would constitute dealing in 
        futures contracts, under an authorization (however described) by an
        authority or regulatory organization in that jurisdiction; and

   (b)  has and maintains shareholders' funds of not less than $30000000 or
        its equivalent in any foreign currency as calculated by-

        (i)    adding together the corporation's- (A) issued and paid-up share
               capital; and (B) retained profits and reserves with aggregate
               net credit balances; and

        (ii)   subtracting from the sum calculated under subparagraph (i) the
               corporation's accumulated losses and reserves with aggregate
               net debit balances;

"specified bank regulator" (指明銀行規管當局) means-

   (a)  an authority specified in column 3 of Schedule 1 as an authority in a
        specified jurisdiction set out opposite to it in column 2 of Schedule
        1 with responsibility for regulating banks in that jurisdiction; or

   (b)  any successor of such authority;

"specified jurisdiction" (指明司法管轄區) means a jurisdiction
specified in column 2 of Schedule 1.

"currency futures contract" (貨幣期貨合約)

"dealing in futures contracts" (期貨合約交易)

"equivalent corporation" (等同法團)

"specified bank regulator" (指明銀行規管當局)

"specified jurisdiction" (指明司法管轄區)