Hong Kong Regulations

SECURITIES AND FUTURES (PRICE STABILIZING) RULES - SECT 13

Record keeping for stabilizing actions taken

PART 4

REGISTER OF STABILIZING ACTIONS

(1) The stabilizing manager shall establish and keep a register in respect of
each offer of relevant securities to which these Rules apply under section 3.

(2) The stabilizing manager shall ensure that the register referred to in
subsection (1) contains, and is updated immediately or on a daily basis (from
business day to business day)-

   (a)  the names of all agents appointed under section 12 and details of the
        terms of the appointment of each;

   (b)  the general parameters (including the initial stabilizing  price) laid
        down by the stabilizing manager for each of the agents and the date
        and time of their communication, variation or revocation;

   (c)  details of each transaction effected in the course of the
        stabilizing action in question including-

        (i)    the type of the relevant securities;

        (ii)   the unit price of the relevant securities;

        (iii)  the quantity or total value of the relevant securities in the
               transaction;

        (iv)   the date and time of the transaction; and

        (v)    details of the counterparty to the transaction;

   (d)  details of the allocation of relevant securities (name of offeree and
        amount allotted); and

   (e)  details (so far as known to the stabilizing manager) of transactions
        other than those which are effected by or in accordance with the
        instructions of the stabilizing manager at a price above the current
        stabilizing price for the purposes of determining the maximum price in
        respect of item 2 of Schedule 2.

(3) The register shall-

   (a)  be kept in Hong Kong; or

   (b)  be capable of being brought to, or reconstituted in, Hong Kong within
        48 hours of receipt by the stabilizing manager of notification in
        writing for access from anyone entitled to inspect it under
        section 14.

(4) If the register is not kept in either English or Chinese, it shall be
capable of being converted into either language within the 48-hour period
referred to in subsection (3).

(5) The register shall be maintained for a period of at least 7 years after
the end of the stabilizing period.