Cap 571AC s 3 Limits on compensation to be made to claimants (SECURITIES AND FUTURES (INVESTOR COMPENSATION - COMPENSATION LIMITS) RULES; SECURITIES AND FUTURES ORDINANCE)

Contents of Section

Chapter:	571AC	Title:	SECURITIES AND FUTURES (INVESTOR COMPENSATION - COMPENSATION LIMITS) RULES	Gazette Number:	L.N. 224 of 2002; L.N. 12 of 2003
Section:	3	Heading:	Limits on compensation to be made to claimants	Version Date:	01/04/2003

(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.