SECURITIES AND FUTURES (INVESTOR COMPENSATION - COMPENSATION LIMITS) RULES
- CHAPTER 571AC

SECURITIES AND FUTURES (INVESTOR COMPENSATION - COMPENSATION LIMITS) RULES - LONG TITLE  
Empowering section VerDate:01/04/2003



(Cap 571, section 244(1))

[1 April 2003]  L.N. 12 of 2003

(L.N. 224 of 2002)



SECURITIES AND FUTURES (INVESTOR COMPENSATION - COMPENSATION LIMITS) RULES - SECT 1
(Omitted as spent) VerDate:01/04/2003



PART 1

PRELIMINARY

(Omitted as spent)



SECURITIES AND FUTURES (INVESTOR COMPENSATION - COMPENSATION LIMITS) RULES - SECT 2
Interpretation VerDate:01/04/2003



In these Rules, unless the context otherwise requires-
"associated person" (相聯者), "claimant" (申索人), "default" (違責), "related 
assets" (有連繫資產) and "specified person" (指明人士) shall have the respective 
meanings assigned to them in section 2 of the Claims Rules;
"Claims Rules" (《申索規則》) means the Securities and Futures (Investor 
Compensation-Claims) Rules (Cap 571 sub. leg. T).
"associated person" (相聯者)
"claimant" (申索人)
"default" (違責)
"related assets" (有連繫資產)
"specified person" (指明人士)
"Claims Rules" (《申索規則》)


SECURITIES AND FUTURES (INVESTOR COMPENSATION - COMPENSATION LIMITS) RULES - SECT 3
Limits on compensation to be made to claimants VerDate:01/04/2003



PART 2

LIMITS ON AMOUNT OF COMPENSATION


(1)	Where a claimant claims compensation in respect of his loss 
sustained-

        (a)	as a result of a default committed by-

        (i)	a specified person; or

        (ii)	any associated person of the specified person;

        (b)	in relation to-

        (i)	securities listed or traded, or to be listed or traded, on a 
recognized stock market; and

        (ii)	related assets of such securities,
the total amount of compensation payable under section 9 of the Claims 
Rules to the claimant must not exceed the sum of $150000.

(2)	Where a claimant claims compensation in respect of his loss 
sustained-

        (a)	as a result of a default committed by-

        (i)	a specified person; or

        (ii)	any associated person of the specified person;

        (b)	in relation to-

        (i)	any futures contract traded on a recognized futures market; and

        (ii)	related assets of such futures contract,
the total amount of compensation payable under section 9 of the Claims 
Rules to the claimant must not exceed the sum of $150000.