Hong Kong Regulations

SECURITIES AND FUTURES (LEVERAGED FOREIGN EXCHANGE TRADING) (ARBITRATION) RULES - SECT 25

Jurisdiction

(1) The arbitrator has the power to rule on any objection by either party to
his jurisdiction to hear the dispute.

(2) No objection to the arbitrator's jurisdiction may be raised after the
sending of the statement of defence or, with respect to a counterclaim, after
the sending of the reply to the counterclaim.

(3) The arbitrator may rule on an objection to his jurisdiction as a
preliminary question or may proceed with the arbitration and rule on such an
objection in his final award.

(4) Where applicable, an arbitration clause is treated as being independent of
the other terms of a client contract and any decision made by the arbitrator
or a court of law declaring that the client contract is void does not of
itself invalidate the arbitration clause.