Hong Kong Regulations

SECURITIES AND FUTURES (SHORT SELLING AND SECURITIES BORROWING AND LENDING (MISCELLANEOUS)) RULES - SECT 5

Record keeping by lenders under securities borrowing and lending agreements

(1) When a lender under a securities borrowing and lending agreement gives a
blanket assurance or a hold to a borrower, or enters into a borrow, the lender
shall keep records in the form of a document, containing the following
particulars-

   (a)  the name of the borrower;

   (b)  the securities or group of securities borrowed, or available for
        borrowing and the quantity thereof; and

   (c)  whether a blanket assurance or a hold has been given or a borrow has
        been entered into, and the time it was given or entered into

(as the case may be).

(2) The lender shall-

   (a)  subject to paragraph (b), retain the records referred to in subsection
        (1) for not less than one year from the date the relevant record was
        made; and

   (b)  upon request made at any time within that year by the Commission,
        provide copies of any such record to the Commission.

(3) Where a lender under a securities borrowing and lending agreement is
lending as an agent, such person shall be regarded as the lender for the
purposes of subsections (1) and (2).

(4) In this section, "securities" (證券) means securities which are listed
on a recognized stock market operated by the Stock Exchange Company.

"securities" (證券)