Hong Kong Regulations

SECURITIES AND FUTURES (LEVY) ORDER - SECT 6

Pilot programme securities

(Past version on 01/04/2003).

For the purposes of section 394(1)(a) of the Ordinance, the levy payable for a
sale and purchase of pilot programme securities-

   (a)  is payable by the seller and purchaser; and

   (b)  is-

        (i)    in the case of the seller- (A) subject to sub-subparagraph (B),
               0.004% of the consideration for the sale; (B) where the seller
               is a pilot programme market maker, 0% of the consideration for
               the sale; or

        (ii)   in the case of the purchaser- (A) subject to sub-subparagraph
               (B), 0.004% of the consideration for the purchase; (B) where
               the purchaser is a pilot programme market maker, 0% of the
               consideration for the purchase. (L.N. 142 of 2006)