Cap 571I - SECURITIES AND FUTURES (CLIENT MONEY) RULES
1
Chapter:
571I
SECURITIES AND FUTURES (CLIENT MONEY) RULES Gazette Number Version Date
Empowering section
L.N. 202 of 2002;
L.N. 12 of 2003
01/04/2003
(Cap 571, section 149)
[1 April 2003] L.N. 12 of 2003
(Originally L.N. 202 of 2002)
Section:
1
(Omitted as spent)
L.N. 202 of 2002;
L.N. 12 of 2003
01/04/2003
(Omitted as spent)
Section:
2
Interpretation
L.N. 202 of 2002;
L.N. 12 of 2003
01/04/2003
In these Rules, unless the context otherwise requires-
"linked corporation" (相連法團), in relation to an associated entity of a licensed corporation, means a corporation-
(a) of which the associated entity is a controlling entity;
(b) which is a controlling entity of the associated entity; or
(c) which has as its controlling entity a person which is also a controlling entity of the associated entity;
"segregated account" (獨立帳戶) means a segregated account established and maintained under section 4(1) and (2);
"standing authority" (常設授權) has the meaning assigned to it by section 8(1);
"unconscionable" (不合情理), in relation to a standing authority, means unconscionable having regard to the factors
specified in section 6 of the Unconscionable Contracts Ordinance (Cap 458), as if the standing authority in
question were a contract under that Ordinance;
"written direction" (書面指示) has the meaning assigned to it by section 7.
Section:
3
Application
L.N. 202 of 2002;
L.N. 12 of 2003
01/04/2003
(1) Subject to subsections (2) and (3), these Rules apply to client money of a licensed corporation that is
received or held by or on behalf of-
(a) the licensed corporation, in the course of the conduct of any regulated activity for which the licensed
corporation is licensed; or
(b) an associated entity of the licensed corporation, in relation to such conduct of the regulated activity.
(2) These Rules do not apply to client money of a licensed corporation that-
(a) is received or held outside Hong Kong by the licensed