Hong Kong Regulations

SECURITIES AND FUTURES (CLIENT SECURITIES) RULES - SECT 8

Treatment of securities collateral by intermediaries licensed for securities margin financing and their associated entities

Caution: This is a past version. See the current version here.

(1) This section applies to-

   (a)  an intermediary licensed for securities margin financing; and

   (b)  an associated entity of such intermediary.

(2) With a standing authority, an intermediary or an associated entity to
which this section applies may deposit any of the securities collateral in
question with-

   (a)  an authorized financial institution; or

   (b)  an intermediary licensed for dealing in securities, as collateral for
        financial accommodation provided to the intermediary.