Hong Kong Regulations

SECURITIES AND FUTURES (CONTRACTS LIMITS AND REPORTABLE POSITIONS) RULES - SCHEDULE 1

PRESCRIBED LIMIT AND REPORTING LEVEL FOR FUTURES CONTRACTS

(Past version on 30/03/2007).
(Past version on 10/02/2006).
(Past version on 01/07/2005).
(Past version on 25/06/2004).
(Past version on 12/12/2003).
(Past version on 23/05/2003).
(Past version on 01/04/2003).

[sections 2(1) & 5(a)]

Item Futures contract Prescribed limit Reporting level

1. Stock futures contracts on shares listed on a stock market operated by the
Stock Exchange Company 5000 open contracts for any one contract month 1000
open contracts for any one contract month 2. Three-Month Hong Kong Interbank
Offered Rate futures contract Nil 1000 open contracts for any one contract
month; 4000 open contracts for all contract months 3. One-Month Hong Kong
Interbank Offered Rate futures contract Nil 1000 open contracts for any one
contract month; 4000 open contracts for all contract months 4. Hang Seng Index
futures and options contracts, and Mini-Hang Seng Index futures contracts and
options contracts 10000 long or short position delta limit for all contract
months combined, provided the position delta for the Mini-Hang Seng Index
futures contracts or Mini-Hang Seng Index options contracts shall not at any
time exceed 2000 long or short for all contract months combined 500 open Hang
Seng Index futures contracts for any one contract month; 500 open Hang Seng
Index options contracts for any one series; 2500 open Mini-Hang Seng Index
futures contracts for any one contract month and 2500 open Mini-Hang Seng
Index options contracts for any one series 5. Hang Seng China Enterprises
Index futures contracts and options contracts, and Mini-Hang Seng China
Enterprises Index futures contract 12000 long or short position delta limit
for all contract months combined, provided the position delta for the
Mini-Hang Seng China Enterprises Index futures contracts shall not at any time
exceed 2400 long or short for all contract months combined 500 open Hang Seng
China Enterprises Index futures contracts for any one contract month; 500 open
Hang Seng China Enterprises Index options contracts for any one series and
2500 open Mini-Hang Seng China Enterprises Index futures contracts for any one
contract month 5A. Hang Seng China H-Financials Index futures contract 10000
long or short position delta limit for all contract months combined 500 open
contracts for any one contract month 6. (Repealed L.N. 18 of 2007) 7. Three
Year Exchange Fund Note (EFN) futures contract 5000 open contracts for any one
contract month except that the limit for the spot month contract during the
last 6 trading days is 1000 open contracts 1000 open contracts for any one
contract month except that the reportable position for the spot month contract
during the last 6 trading days is 200 open contracts 8. FTSE/Xinhua China 25
Index futures and options contracts 6000 long or short position delta limit
for all contract months combined 500 open FTSE/Xinhua China 25 Index futures
contracts for any one contract month and 500 open FTSE/Xinhua China 25 Index
options contracts for any one series
9-37. (Repealed L.N. 232 of 2005)
38-39. (Repealed L.N. 66 of 2004)
40-127. (Repealed L.N. 232 of 2005) (L.N. 84 of 2003; L.N. 221 of 2003; L.N.
66 of 2004; L.N. 69 of 2005; L.N. 232 of 2005; L.N. 18 of 2007; L.N. 74 of
2008)