Hong Kong Regulations

SECURITIES AND FUTURES (LEVERAGED FOREIGN EXCHANGE TRADING) (ARBITRATION) RULES - SECT 10

Challenge of arbitrator

(1) A party may challenge an arbitrator if circumstances exist to give rise to
justifiable doubts as to the impartiality or independence of the arbitrator.

(2) A party challenging the appointment of an arbitrator shall send a notice
of challenge to the clerk setting out the reasons for such challenge, with a
copy to the other party, within 14 days of the notification of such
appointment or, if later, of his becoming aware of the circumstances giving
rise to justifiable doubts as to the impartiality or independence of the
arbitrator.

(3) If the other party concurs with the challenge or the challenged arbitrator
withdraws from the appointment, the challenged arbitrator's office falls
vacant and section 9 applies for the purposes of selecting a new arbitrator.
In neither case does this imply acceptance of the validity of the grounds for
the challenge.

(4) Where the other party does not concur with the challenge or the challenged
arbitrator does not withdraw from the appointment, the chairman shall make a
decision on the challenge.

(5) If the chairman upholds the challenge, section 9 applies for the purposes
of selecting a new arbitrator.