Hong Kong Regulations

SECURITIES AND FUTURES (DISCLOSURE OF INTERESTS-SECURITIES BORROWING AND LENDING) RULES - SECT 10

Records to be kept by a regulated person

(1) Where-

   (a)  shares are borrowed by a regulated person, as referred to in
        section 7(1)(a)(i);

   (b)  shares are returned to a regulated person, as referred to in
        section 7(1)(b)(i);

   (c)  shares are used for a prescribed purpose by a regulated person, or by
        a related corporation of the regulated person, within 5 business days
        after the date on which the shares are acquired or returned (as the
        case may be), as referred to in section 7(1)(a)(ii) or (b)(ii); or

   (d)  shares-

        (i)    borrowed by a regulated person, as referred to in section  7
               (1)(a)(i); or

        (ii)   returned to a regulated person, as referred to in section  7
               (1)(b)(i), are not used for a prescribed purpose by the
               regulated person, or by a related corporation of the
               regulated person, within 5 business days after the date on
               which the shares are acquired or returned (as the case may be),
               the regulated person shall, within 3 business days after the
               occurrence of the event, make a record of the event.

(2) A record made under subsection (1) shall contain the following
particulars-

   (a)  the date of the occurrence of the event;

   (b)  the description and quantity of the shares which are the subject of
        the event; and

   (c)  the value of any collateral given, taken, returned or given up

(as the case may be) in the event.

(3) A regulated person shall-

   (a)  retain the record made under subsection (1) for not less than 3 years
        after the last day of the period within which the record is required
        to be made; and

   (b)  if requested by the Commission at any time within 3 years after the
        last day of the period within which the relevant record is required to
        be made, provide such record to the Commission within 5 business days
        after the date of the request.