(TRANSFER OF FUNCTIONS-INVESTOR COMPENSATION COMPANY) ORDER.doc

CAP 571AD SECURITIES AND FUTURES (TRANSFER OF FUNCTIONS-INVESTOR COMPENSATION COMPANY) ORDER摘要：本文主要介绍了CAP 571AD SECURITIES AND FUTURES (TRANSFER OF FUNCTIONS-INVESTOR COMPENSATION COMPANY) ORDER的主要内容。(Cap 571, section 80)1 April 2003 L.N. 12 of 2003(L.N. 225 of 2002)Cap 571AD s 1 (Omitted as spent)(Omitted as spent)Cap 571AD s 2 InterpretationIn this Order, unless the context otherwise requires, Investor Compensation Company (投资者赔偿公司) means the company incorporated under the Companies Ordinance (Cap 32) and registered under that Ordinance by the name Investor Compensation Company Limited in English and“投资者赔偿有限公司”in Chinese.Cap 571AD s 3 Transfer of functions of the Commission(1) Subject to subsections (2), (3), (4) and (5), the functions conferred upon the Commission by the provisions set out in column 2 of the Schedule are transferred to the Investor Compensation Company.(2) The transfer of functions under subsection (1) is subject to the reservation that the Commission is to perform the functions concurrently with the Investor Compensation Company.(3) The function specified in item 1 of the Schedule is transferred only to the extent that the function relates to the maintenance of the compensation fund.(4) The functions specified in items 3 and 6 of the Schedule are transferred subject to such directions in writing as the Commission may from time to time give to the Investor Compensation Company.(5) The functions specified in items 4, 5, 7, and 8 of the Schedule are transferred to the Investor Compensation Company only to the extent that the functions relate to the part of the compensation fund that is managed and administered by the Company.(6) A description in column 3 of the Schedule indicates for convenience of reference only the general nature of the function under the provision specified opposite to that description in column 2 of the Schedule.Cap 571AD SCHEDULEsection 3TRANSFER OF FUNCTIONSItemProvisionDescriptionSecurities and Futures Ordinance (Cap 571)1.Section 236(1)Maintaining the compensation fund.2.Section 237(2)Borrowing money for the purpose of the compensation fund.3.Section 238(1)Management and administration of the compensation fund, including the determination of a claim for compensation.4.Section 239Opening accounts at authorized financial institutions and paying into or transferring to such accounts all amounts received by the Investor Compensation Company forming part of the compensation fund.5.Section 240(1)Keeping proper accounts of the compensation fund.6.Section 240(2)Maintaining separate accounts and sub-accounts.7.Section 240(5)Appointing an auditor to audit the accounts of the compensation fund.8.Section 241Investing money which forms part of the compensation fund.9.Section 242(1)Making payments out of the compensation fund and determining the order of such payments.Securities and Futures (Investor Compensation-Claims) Rules (Cap 571 sub. leg. T)10.Section 3Publishing a notice inviting claims.11.Section 4(4)Determining whether a claim not lodged within the time limit provided in section 4(3) is barred.12.Section 5(2)Accepting a claim lodged otherwise than in accordance with section 5(1).13.Section 6Requiring records to be produced.14.Section 7Making a determination.15.Section 8Issuing a notice of determination.16.Section 9Paying compensation.17.Section 10Arranging for insurance, surety, guarantee or other financial arrangements.