SECURITIES AND FUTURES COMMISSION (LEVY) (FUTURE CONTRACTS) ORDER

SECURITIES AND FUTURES COMMISSION (LEVY) (FUTURE CONTRACTS) ORDER

SECURITIES AND FUTURES COMMISSION
(LEVY) (FUTURES CONTRACTS) ORDER





SECURITIES AND FUTURES COMNHSSION (LEVY)
(FUTURES CONTRACTS) ORDER

(Cap. 24, section 52(2))

[31 October 19891

L.N. 350 of 1989 -

1. Citation

This order may be cited as the Securities and Futures Commission (Levy)
(Futures Contracts) Order.

2. Levy under section 52(2)

Subject to paragraph 3, the levy for the purposes of section 52(2) of the
Ordinance shall be $2.50 for each leviable transaction in each market of the
Futures Exchange Company.

3. Newly traded commodity

(1) In relation to a new commodity, the levy for the purposes of section
52(2) of the Ordinance shall, during the relevant period, be nil.
(2) In this paragraph-
'commodity' has the meaning assigned to it by section 2(1) of the
Commodities Trading Ordinance (Cap. 250);
'new commodity' ( ) means a commodity other than cotton, sugar,
soybeans, gold and Hang Seng Index futures contracts;
'relevant period' ( ), in relation to a new commodity, means the period
of 6 months commencing on the first day of trading in the commodity in a
market of the Futures Exchange Company.


1989

https://oelawhk.lib.hku.hk/items/show/2255

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