Hong Kong Regulations

SECURITIES AND FUTURES (PROFESSIONAL INVESTOR) RULES - SECT 2

Interpretation

In these Rules, unless the context otherwise requires-

"associate" (有聯繫者), in relation to an individual, means the spouse or
any child of the individual;

"custodian" (保管人) means-

   (a)  a corporation the principal business of which is to act as a custodian
        of securities or other property for another person, whether on trust
        or by contract; or

   (b)  any of the following persons-

        (i)    an authorized financial institution;

        (ii)   a bank which is not an authorized financial institution but is
               regulated under the law of any place outside Hong Kong;

        (iii)  a licensed corporation;

        (iv)   a person carrying on the business of the provision of
               investment services and regulated under the law of any place
               outside Hong Kong, whose business includes acting as a
               custodian of securities or other property for another person,
               whether on trust or by contract;

"custodian statement" (保管人結單) means a statement of account issued by
a custodian;

"portfolio" (投資組合) means a portfolio comprising any of the following-

   (a)  securities;

   (b)  a certificate of deposit issued by-

        (i)    an authorized financial institution; or

        (ii)   a bank which is not an authorized financial institution but is
               regulated under the law of any place outside Hong Kong;

   (c)  in relation to an individual, corporation or partnership, money held
        by a custodian for the individual, corporation or partnership;

"relevant date" (有關日期)-

   (a)  in the case of an advertisement, invitation or document described in
        section 103(3)(k) of the Ordinance, means the date on which the
        advertisement, invitation or document is issued, or possessed for the
        purposes of issue;

   (b)  in the case of a call described in section 174(2)(a) of the Ordinance,
        means the date on which the call is made;

   (c)  in the case of an offer described in section 175(5)(d) of the
        Ordinance, means the date on which the offer is made; or

   (d)  in any other case which, by virtue of any rules made under the
        Ordinance, requires compliance with an obligation, means the date by
        or on which the obligation is required to be complied with;

"trust corporation" (信託法團) means-

   (a)  any trust company registered under Part VIII of the Trustee  Ordinance
        ( Cap 29); or

   (b)  any other corporation which-

        (i)    carries on a business which is of a nature similar to that of a
               trust company referred to in paragraph (a); and

        (ii)   is regulated under the law of any place outside Hong Kong.

"associate" (有聯繫者)

"custodian" (保管人)

"custodian statement" (保管人結單)

"portfolio" (投資組合)

"relevant date" (有關日期)

"trust corporation" (信託法團)