Hong Kong Regulations

SECURITIES AND FUTURES (ASSOCIATED ENTITIES-NOTICE) RULES - SECT 4

Particulars to be notified on ceasing to be an associated entity

(1) For the purposes of section 165 of the Ordinance, the particulars required
to be provided to the Commission in the event that a licensed corporation or a
registered institution ceases to be an associated entity of an intermediary
are-

   (a)  its name and business name (if different);

   (b)  its CE number;

   (c)  the date it ceased to be an associated entity of the intermediary; and

   (d)  the name of the intermediary.

(2) For the purposes of section 165 of the Ordinance, the particulars required
to be provided to the Commission in the event that a corporation other than a
licensed corporation or a registered institution ceases to be an associated
entity of an intermediary are-

   (a)  the date it ceased to be an associated entity of the intermediary;

   (b)  the name of the intermediary;

   (c)  whether all client assets of the intermediary that are received or
        held by it prior to its ceasing to be such associated entity have been
        fully accounted for and properly disposed of and, if not, the
        particulars of any such client assets of the intermediary that have
        not been fully accounted for and properly disposed of; and

   (d)  the facts that gave rise to the corporation ceasing to be an
        associated entity of the intermediary.

(3) Where an associated entity that ceases to be such associated entity is an
authorized financial institution, subsection (2)(c) does not apply to it.